Our teams have been hard at work focusing on developing solutions for audit firms to enhance audit quality through innovation. Propylon’s solutions optimize the flow of audit knowledge in several ways, including providing detailed analytics on how audit teams are utilizing company guidance. This data forms the bedrock for optimized knowledge processes, ensuring that audit staff have access to appropriate and vetted guidance precisely when needed during engagements.
1. Identify usage patterns
- Common search terms: what keywords are auditors using to locate necessary information?
- Frequently accessed documents: which documents are auditors relying on to support their work?
- Timing patterns: when are auditors typically accessing guidance?
In addition, Propylon’s tools allow firms to identify how relevant guidance is being used, for example, in high-priority areas such as the audit of revenue. This enables firms to proactively promote specific content, ensuring staff have access to the most current guidance.
2. Gather insights to improve content adoption and audit quality
3. Ensure adoption of guidance on key risk areas
The data garnered helps firms assess whether teams are adequately reviewing guidance to support audit engagements. This insight can drive decisions such as whether additional guidance is needed or if more frequent updates are required to support teams effectively.
If weaknesses are identified for example in an area like the audit of revenue, audit firms can use this data to demonstrate the promotion of guidance to staff and the training of staff of key risk areas. If staff aren’t adopting guidance, firms can take action to reduce any associated risks.
4. Tailoring training and communication
5. Improve relevance and clarity
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