Deloitte has unveiled a suite of new AI capabilities within its global cloud-based audit and assurance platform, Omnia.

The firm stated that these advancements aim to transform the audit and assurance experience.

The new features leverage Generative AI (GenAI) to improve key processes, including enhanced documentation review, better navigation of financial statements, and streamlined data extraction.

Additionally, the Omnia platform now includes advanced drafting capabilities, improved research functionalities, and proactive risk management tools.

A notable development is the integration of intelligent agent capabilities into the Omnia ecosystem.

These AI agents act as digital specialists, executing specific tasks, retaining relevant information, and collaborating with other agents within an interconnected system.

The incorporation of these agents is expected to automate various tasks, such as data gathering from multiple sources, managing intricate project plans, and identifying patterns and anomalies.

Deloitte emphasised that these AI capabilities were developed in accordance with its Trustworthy AI framework, which ensures governance, controls, and compliance throughout the AI lifecycle.

Since its inception in 2015, the Omnia platform has continually evolved to integrate new technologies, to provide tailored audit experience that meets the challenges faced by clients.

Deloitte US Audit and Assurance CEO Dipti Gulati said: “With the rapid advancement of AI technology, the audit profession is undergoing an exciting transformation.

“Continuing our efforts to integrate increasingly advanced, adaptive technologies into our audit platform has been a critical investment, enabling our auditors to deliver against rising demands in the profession with agility, while maintaining our commitment to quality and trust.”