Innovation

When considering ways to optimize their SOX Controls environment, organizations can leverage digital tools to drive process and control efficiency, while maximizing value from digital technology investments. Leading SOX technology solutions can:  

• fully automate the way an IT or business process control owner operates the control 
• automate the controls testing performed by compliance or audit professionals all the way through to the actual documentation of their procedures and results 
• enable continuous monitoring and testing, while staying ahead of ongoing regulatory changes 

BDO’s Intelligent Automation Controls (IAC) solutions provide a proactive and cost-effective way to gain efficiencies and confidence in your SOX Controls environment. Our proprietary control diagnostic tool (SOX Insights) can help you understand how the execution or testing of SOX Controls can be rationalized, optimized and automated. Combined with our repository of pre-built control automation solutions, which cover a wide variety of business and IT processes, IAC solutions can: 

• Reduce costs – operate and test controls more easily, and spend less time on remediation 
• Enhance compliance – the standardized and simplified control environment helps ensure compliance 
• Improve resiliency – proactively manage risk and allow your control environment to match your pace of scale 
• Digitally integrate – IAC provides the foundation for tech-enabled controls to support your digital transformation initiatives  

 
Intelligent Automation Controls can be leveraged in a wide variety of applications: 

• Segregation of Duties Monitoring and Testing 
• User Access and Provisioning 
• Change Management 
• Accounts Receivable 
• Invoice Processing 
• Vendor Compliance 
• Procurement/Sourcing 
• Fraud Detection 
• Order Processing 
• Workforce Compliance 
• Management Review Controls 

Looking to automate SOX compliance? BDO can help.  Contact a representative today. 

Data informs everything around us – is your firm’s IA function included?  

BDO’s data analytics and automation solutions can be embedded in all phases of the Internal Audit (IA) lifecycle to identify and prioritize risk. Our approach for selecting analytics-enabled Internal Audits paired with our library of pre-built data analytics risk solutions can accelerate the time to value for our clients. 

Your Internal Audit team can be easily trained and upskilled to take advantage of our data analytics and automation solutions, bringing your firm:  

• Cost savings – operate and test controls more easily, and spend less time on remediation 
• Enhanced compliance – the standardized and simplified control environment helps ensure compliance 
• Increased resiliency – proactively manage risk and allow your control environment to match your pace of scale 
• Digital integration – our automation solutions provide the foundation to support your firm’s digital transformation initiatives 

Audit Analytics can improve: 

• Employee to Vendor Master Comparison 
• Invoice and Payment 
• Vendor Integrity 
• Expense Reporting 
• Cybersecurity Analytics 
• Journal Entry Testing 

Looking to improve internal audit accuracy through analytics? BDO can help. Contact a representative today. 

The proliferation of digital technology is having a profound impact on the audit profession. BDO helps clients accelerate their digital journey with an approach that enables IA departments to:

• quickly identify processes where digital technology can have an immediate impact, and quantify the value for the organization 
• visualize the digital transformation roadmap with key activities, roles and value-based milestones 
• train and upskill internal audit staff in new digital tools to enable citizen-led innovation 
• swiftly build risk analytics solutions to demonstrate the value of digital technology for high-value areas 

BDO’s digital transformation strategy for IA functions embeds automation and analytics in every phase of the audit lifecycle. With our intense hands-on digital training, your IA professionals can quickly deploy digital risk tools in a cost-efficient manner. The technology toolkit goes beyond automation and analytics technology and leverages Artificial Intelligence (AI) to identify new and emerging risks.  

Why BDO? 
With BDO helping guide your firm’s digital transformation, you can increase the digital IQ of your Internal Audit team, use automation to drive efficiencies and effectiveness, and keep a close eye on blind spots with the help of AI.  

Looking to develop your digital transformation strategy? BDO can help. Contact a representative today.  

To decide more quickly and accurately where to focus their attention and resources, Internal IA and business teams can use continuous risk monitoring solutions that leverage digital technology to: 

• automate assessment of business and IT controls’ effectiveness and accuracy 
• evolve from a traditional, static annual audit plan to a more agile audit program 
• reduce the cost of executing and testing control procedures 
• rapidly make risk-related decisions 

BDO leverages a library of proprietary, pre-built automation and data analytics solutions, which allows businesses to easily transition to continuous controls monitoring and auditing processes to streamline:  

• Journal Entry Testing 
• SOD Monitoring 
• User Access and Provisioning 
• Vendor Compliance 
• Fraud Detection 
• Workforce Compliance 
• Cybersecurity 
• P&L Flux Analysis 

Why BDO? 
Our control monitoring solutions are easy to deploy and help your team manage end-to-end SOX Compliance and internal audit programs with reduced risk exposure, improved effectiveness, reduced compliance costs, and increased risk coverage.  
 
Looking to implement a continuous risk monitoring platform? BDO can help. Contact a representative today.