Data Assurance
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Audit of General Ledger with Halo
Reimagining your audit experience with Halo
Halo is a multi-tiered and multi-hosted server-based analytics platform that collects data directly from a client's financial information record system being audited by one or more PwC member firms. It then conducts various analytics on that data and reports analytical results for additional analysis and usage during the audit cycle.
Halo can test huge volumes of business-critical data, analysing whole populations, improving risk assessment, analysis and testing, and unlocking a wealth of insight. Halo is revolutionising our audits by harnessing the power of data.
1 billion + records can be processed in each instance of our Halo for Journals application
Top issues you may be facing
- Using traditional audit, it is difficult to determine the unusual journal entries, eventually detecting fraud, particularly with large volumes of data.
- Sharing of data can lead to data loss or data access to unauthorised people.
How can we help?
HALO redefines the way we do auditing and helps our clients gain better understanding, clarity, and accuracy. Halo data auditing tools test huge volumes of data, analysing whole populations to improve risk assessment, analysis and testing, and unlock a wealth of insight. There are Halo tools to meet the unique needs of companies from a GL analysis perspective.
We can help you with granular analysis of the GL transactions for audit or fraud purposes.
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The Halo audit experience
Risk assessment:
By zeroing in on potential sources of likely misstatement, Halo allows us to assess risks up and down the balance sheet and income statement.
Data analysis:
Your audit team can quickly navigate between 40+ content-themed visualisation dashboards and detailed data schedules, prompting more focused audit analysis and insights, based on your data.
New insights:
Surfaces financial and operational observations through the analysis of audit related data.
Key benefits
- Enables a greater understanding of your business to enhance audit quality;
- Provides you with insights using information we already receive as part of the audit using a combined trend and ratio analysis;
- Highlights patterns and potentially higher risk transactions instantly, enabling a deeper understanding of your business and supporting more relevant conversations using visualisations;
- Automates manual tasks leading to greater efficiency;
- Ensures protection of client data:
- During processing through a combination of logical access controls and data encryption;
- Client data is purged from the Halo environment upon the instruction of the client engagement team as part of their year-end wrap-up procedures, consistent with PwC document retention policies;
- Cheap but with easy to read dashboard with tremendous value information for business decision.
Tomorrow’s audit, today
The perfect blend of people + technology
Digitally upskilled audits that put quality first and result in insights for management and the business
That’s what drives us and it’s how we’re bringing the audit into the future. Led by people who have the passion and skills to make a difference. And enhanced by powerful technology. Discover how we’re reimagining the possible for you, and for companies around the world, every day.
Browse our audit tools
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Innovative technologies tailored to your technological maturity
Four unique, smart technologies - Aura, Halo, Connect and Extract - underpin the safety, insight and real-time capability of the audit
Aura
Driving quality and consistency through a risk-based approach.
Aura, our global ERP system, makes sure work gets done one way - the right way - globally and locally. It is used by over 100,000 auditors worldwide, on every PwC audit. Aura ensures our teams take a consistent, focused and efficient approach to audit risk.
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How can Aura help in your audit?
- A better understanding of your business due to end-to-end visibility of the audit process.
- A greater focus on the things that matter thanks to a systematic risk-based approach.
- Our pre-loaded risk software helps teams to identify the relevant risks and perform the right work to address them.
- Consistency and quality of audit delivery across our entire client base.
- Real-time monitoring of engagement quality and progress is available securely on mobile devices, anytime, anywhere.
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Contact us
Julien Tyack
Risk Assurance Services Partner and Sustainability Leader, PwC Mauritius
Tel: +230 404 5210
