Embrace Smarter, Faster Fieldwork for Efficiency Gains
The landscape of UK financial auditing is evolving, with firms increasingly looking for intelligent technology to streamline their processes. A technological shift is underway in the UK’s audit sector, with AuditBot emerging as a new, key player. Designed specifically to drive efficiency, it’s transforming how firms approach statutory financial audits, delivering significant time savings, improved consistency, and a more rewarding experience for audit professionals.
AuditBot is proving to deliver a practical solution to cut down on laborious manual tasks and enhance overall audit efficiency. It’s a complementary solution that integrates with existing workflows, promising a dramatic reduction in manual effort without a complete system overhaul.
Who is AuditBot designed for?
AuditBot is designed for audit partners and teams who want to:
– Save time on routine testing
– Improve consistency and reduce human error
– Make audit work more rewarding for staff at all levels
Here are some commonly asked questions about the AuditBot platform and firms that will use it:
How much can AuditBot reduce manual testing time?
Significantly. One firm reported junior team members spending days manually testing up to 150 transactions per audit. Using AuditBot, the same volume took around 15–20 minutes to process and test, with the results exported directly as working papers.
Does AuditBot replace auditors?
Not at all. AuditBot is an assistive tool. It doesn’t take judgment calls away from professionals; it handles the repetitive matching so your team can focus on areas that need human insight.
By relieving your juniors from tedious data entry and giving managers clean summaries for review, AuditBot helps make audit work more engaging and educational, especially for trainees.
What data do I need to start a test?
To run a test (e.g. sales or purchase transaction testing), you’ll need:
– Client nominal ledger
– PDFs of relevant documents (orders, invoices, etc.)
AuditBot reads these using OCR, matches line items and highlights any discrepancies. If a document is unreadable, it flags it for manual review. Nothing is guessed or assumed.
What if my clients all use different systems?
That’s absolutely fine. AuditBot is designed to work with clients using a wide range of accounting software, from Sage and Xero to bespoke systems.
At present, documents are uploaded by the audit team or the client, depending on your process. A client upload portal is in development, with direct API integrations to follow, enabling deeper automation in future releases.
Does this require a big change to our audit workflow?
No. AuditBot fits into your existing processes. You still sample as you do now, following your existing methodology, and the output is ready for your audit file.
Think of it as a bolt-on that saves hours without requiring a full system overhaul.
Can I trial AuditBot?
Yes. We offer a no-cost free trial. You choose an upcoming audit (ideally remote or with a large sample size), and we’ll guide you through setup and onboarding. After the trial, we’ll ask for your feedback and can discuss a pricing model that reflects your usage and audit volumes.
How does pricing work?
We offer a per-audit pricing model starting at £950 per audit. This ensures zero barriers to entry, whether you’re running 10 or 1,000 audits per year. For firms with higher volumes, we can explore phased agreements or caps to make budgeting easier.
Is AuditBot secure?
Absolutely. Data never leaves the UK. It is encrypted in transit and at rest (AES-256 standard), and we are ISO27001 certified. We are also completing accreditation with the ICAEW’s technology accreditation scheme.
What impact does this have on training and retention?
One of the most unexpected benefits firms have reported is the positive impact on junior staff experience. By automating the repetitive tasks, junior staff are more likely to engage in higher-level tasks earlier. This supports better retention and makes your firm more attractive to new recruits who are comparing training experiences across firms.
What are the core principles behind AuditBot?
Everything we build adheres to three key principles:
– Accuracy: AuditBot uses document-level OCR and intelligent matching without guessing. If the data isn’t readable, AuditBot leaves it blank with no hallucinations.
– Consistency: All working papers are automatically formatted in a standardised way, aiding faster, more reliable review.
– Efficiency: From onboarding to test completion, the platform saves time across the entire audit file.
In summary
As one audit partner put it, “AuditBot won’t make you replace people. It helps you do more with the team you have.”
We’re here to work with audit partners to make audit tech not just useful, but usable, driving transformation that sticks.
