Armanino Integrates Generative AI Updates to Audit Ally, Driving New Efficiencies in SOC 2 Compliance Assessments
July 29 2024 - 9:00AM
Business Wire
Secure, AI-enabled audit notes translate ‘audit
speak’ to simplified actionable next steps, offer chatbot features
for clients to save time throughout the SOC 2 assessment
process
Armanino LLP (Armanino), a top 20 accounting and consulting
firm, continues to revolutionize the SOC 2 assessment process with
the integration of bespoke, generative AI updates to Audit Ally™,
the firm's custom-built data compliance assessment tool. Already,
Audit Ally’s AI enhancements have reduced evidence submission and
approval processes by approximately 50%, saving clients and
Armanino professionals significant time. These enhancements
reinforce Armanino’s position as a premier provider for SOC 2
assessments.
“At Armanino, we are leading the charge in unlocking the
transformative power of AI in the accounting and consulting space,"
said Matt Armanino, CEO of Armanino. "Audit Ally is just one
example of our team’s commitment to deploying AI in smart ways to
truly improve how we service our clients while maintaining the
highest standards of quality and security. This is just the
beginning of how we are reshaping the future of our industry to
drive better outcomes for our clients.”
Audit Ally, powered by AWS Bedrock and Anthropic Claude 3, now
boasts native generative AI capabilities to summarize
highly-technical audit notes and translate them into actionable
insights for clients, all while keeping the auditor fully in
control of the communications. This new feature saves auditors
valuable time while effortlessly informing auditees in plain
English about the progression of their assessment, missing
information or improper documentation, creating a self-contained
paper trail within the dashboard. Audit Ally puts client privacy
and data security at the forefront as well, ensuring compliance
with data privacy regulations. To learn more about Armanino’s
AI-powered accounting tools with Claude, click here.
Audit Ally also integrated Intercom’s Fin AI Agent, providing
clients with instant responses to questions around their SOC 2
assessment from a trained chatbot. This chatbot can help
immediately answer questions around progress, missing items, or
alert and connect the client with an Armanino team member for a
quick resolution.
“Any auditor can tell you how challenging it is to use
compliance-friendly language that clients understand and how much
they agonize over time lost trying to translate audit-speak into
action items, so that clients and auditors are on the same page,”
said AJ Yawn, Partner, Product & Innovation for Armanino. “With
generative AI in Audit Ally, translating audit-speak into clear
guidance speeds up the process significantly, improving
clarity.”
Audit Ally’s updates build on the momentum of overwhelming,
positive feedback from its early users. The tool’s enhanced
security features, seamless user experience, and centralized data
management have already translated to higher efficiency and
ease-of-use. To learn more about Audit Ally click here.
About Armanino LLP
Armanino LLP is one of the 20 largest independent accounting and
business consulting firms in the nation. A certified B
Corporation®, Armanino provides an integrated set of audit, tax,
business management, consulting and technology solutions to
companies in the U.S. and globally. The firm helps clients adapt
and change in every stage of business, from startup through rapid
growth to the sale of a company. Armanino emphasizes smart
technology, leading a cloud revolution of financial, operational,
sales and compliance tools that are transforming the way companies
do business. Armanino is an independent member firm of Moore North
America Inc. (MNA), which is itself a regional member of Moore
Global Network Limited (MGNL), one of the world’s major accounting
and consulting membership organizations. All the firms associated
with MNA and MGNL are independent entities, owned and managed in
each location. Their membership in, or association with, MNA or
MGNL should not be construed as constituting or implying any
partnership between them. In addition to its core consulting and
accounting practices, Armanino operates its division, AMF Media
Group (amfmediagroup.com), a media and communications services
agency.
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version on businesswire.com: https://www.businesswire.com/news/home/20240729942336/en/
Media: Trevor Davis, Gregory FCA for Armanino 215-475-5931
trevor@gregoryfca.com