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open_in_new * Careers * Community Engagement * Compliance & Ethics * Diversity, Equity and Inclusion * Innovation * Leadership Team * Newsroom * Sustainability and ESG search * Careers * Locations * Client Center * person Login / Register * Contact search * Home * Services * Audit & Assurance * Audit Services AUDIT INNOVATION Exploring the edges of what’s possible Contact Us * Overview * Case Studies * Insights * Contact INNOVATION IS THE KEY TO GETTING MORE FROM YOUR AUDIT. Evolving regulations. Disparate technology systems. Staffing challenges. All these issues can make the audit process more complicated than it needs to be — and present a real threat to audit quality. At a time when CFOs and finance teams are already overburdened, they not only need auditors with the skills and experience to evaluate their financial statements in the context of their business environment; they need innovative business insights and an exceptional audit experience. Transformation happens at the intersection of technology and human curiosity. We offer a transformed audit that delivers more with less demands on your resources — more insight on business performance and high confidence to your stakeholders. BDOADVANTAGE FOR YOUR AUDIT At BDO, we cultivate a curious mindset in our people: the curiosity to ask questions, challenge assumptions and imagine new possibilities. We continuously evaluate and improve our methodologies, technologies and applications to empower our people and unlock more value from your data. BDOADVANTAGE is our digital audit suite built to enhance the client experience and drive audit quality. It empowers our audit teams to create more insights with greater precision for a seamless audit from start to finish. BDOADVANTAGE DIGITAL SUITE OUR APPROACH TO AUDIT INNOVATION At BDO, we’re guided by professional curiosity and inspired by our core purpose: helping people thrive every day. When we apply our curiosity to audit innovation through the lens of our purpose, the outcomes are deeper insights, better collaboration and greater accuracy, resulting in high quality audits. TRANSFORMATIVE TECHNOLOGY ADD We created BDOADVANTAGE to transform the audit experience by empowering our team to unearth insights beyond the obvious. We use cognitive technology to automate client data extraction and integration, creating significant time savings for your team. We continue to invest in innovative technology to improve collaboration and reduce the burden on our clients. HELPING OUR PEOPLE THRIVE ADD Human ingenuity and social innovation transform the way we effectively use technology. We believe both traditional and non-traditional labor pools are critical to building diverse audit teams with the right experience and skills to conduct the audit of the future. Our culture is centered on the development of our people. We invest in technical, soft skills, and ethics training as well as digital upskilling programs to enable our auditors to deliver high-quality audits for all our stakeholders. INNOVATION FOR OUR STAKEHOLDERS ADD Our innovation strategy is centered on what’s most valuable to our stakeholders. For our clients, we focus on innovations that create less work for you and harness your data in new ways. For our clients' investors, customers and the broader public, we focus on innovations that deliver more transparency and higher quality. Our industry professionals, data scientists and developers collaborate to adapt our technology to the ever-changing regulatory environment and emerging trends. INDUSTRY FOCUS ADD Understanding the nuances of industry is critical to assessing risk, enhancing quality and uncovering practical insights. We invest in industry-specific analytics and automation solutions to conduct a high-quality audit with your industry in mind. WATCH: BDOADVANTAGE OVERVIEW GLOBAL PORTAL TAILORED AUDIT ANALYTICS BIG DATA APT AUDIT PLATFORM BDOADVANTAGE AUTOMATION TECHNOLOGY AUDIT CASE STUDIES CASE STUDY COLLABORATIVE INNOVATIONS BRING CUSTOM INDUSTRY ANALYTICS This case study reviews a SAAS audit client who used our BDOAdvantage proprietary custom analytics technology. Read Morechevron_right CASE STUDY CUTTING AUDIT PROCESSING TIMES IN HALF WITH CUTTING-EDGE DATA ANALYSIS Using BDOADVANTAGE proprietary technology, our engagement team helped a large global tax-exempt organization, which focuses on implementing global health programs go beyond traditional methods, extracting and transforming data into data visualizations. Read Morechevron_right CASE STUDY SAVING TIME AND MONEY WITH SALES MATCH ANALYTICS A manufacturing company was open to an alternative approach to revenue testing, one that would not only become less burdensome, but also provide greater insights into their business’s revenue. Read Morechevron_right CASE STUDY CUSTOM AUDIT ANALYTICS: THE 100% TEST Find out how our custom analytical solutions helped streamline one manufacturing company’s long-term revenue contracts. Read Morechevron_right AUDIT INSIGHTS Explore our most recent resources and thought leadership. Filter by: Industryexpand_more * Industry * Asset Management * Auto Dealerships * Financial Institutions & Specialty Finance * Gaming & Leisure * Government Contracting * Healthcare * Insurance * Life Sciences * Manufacturing * Natural Resources * Nonprofit & Education * Private Equity * Professional Services * Public Sector * Real Estate & Construction * Restaurants * Retail & Consumer Products * Technology Article PLANNING FOR POST QUANTUM FOR ENTERPRISES February 27, 2024 Article PLANNING FOR POST QUANTUM FOR ENTERPRISES February 27, 2024 Quantum computing provides exciting opportunities for incredible leaps forward in processing data and the technological advancements it can bring. Unfortunately, it also provides catastrophic challenges from a cyber security perspective. Read the insight to learn more. Read Morechevron_right Article AUDIT COMMITTEE PRIORITIES FOR 2024 February 26, 2024 Article AUDIT COMMITTEE PRIORITIES FOR 2024 February 26, 2024 Organizations will continue to face economic uncertainty, regulatory changes, emerging technology, sustainability, and labor market challenges in the coming year. Read Morechevron_right Article REVENUE RECOGNITION UNDER ASC 606: BEST PRACTICES FOR GOVERNMENT CONTRACTORS February 20, 2024 Article REVENUE RECOGNITION UNDER ASC 606: BEST PRACTICES FOR GOVERNMENT CONTRACTORS February 20, 2024 When Accounting Standards Codification Topic 606 (ASC 606), Revenue from Contracts with Customers, took effect in 2019 for private companies, many government contractors lacked clarity on the new standard and struggled to understand how the requirements applied to their contracts — even after subsequent guidance from the FASB. 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BDO shares invaluable insights on key current and emerging trends, providing guidance on how N&G committees can navigate their responsibilities and maximize their impact Read Morechevron_right mic_none Podcast BDO IN THE BOARDROOM PODCAST - EPISODE 74: GOVERNING THE EMBRACE OF AI BENEFITS AND RISKS WITHIN YOUR BUSINESS December 21, 2023 Podcast BDO IN THE BOARDROOM PODCAST - EPISODE 74: GOVERNING THE EMBRACE OF AI BENEFITS AND RISKS WITHIN YOUR BUSINESS December 21, 2023 Join BDO’s Amy Rojik as she sits down with colleague Kirstie Tiernan to discuss the potential benefits and challenges with respect to AI’s impact on businesses and what directors should be considering in their oversight role. Read Morechevron_right Article FASB ISSUES FINAL ASU TO IMPROVE INCOME TAX DISCLOSURES December 15, 2023 Article FASB ISSUES FINAL ASU TO IMPROVE INCOME TAX DISCLOSURES December 15, 2023 In response to feedback from the investor community reflecting the desire for the disclosure of additional information pertaining to income taxes, the Financial Accounting Standards Board (FASB) has been developing guidance; that effort culminated in the December 14 issuance of Accounting Standards Update (ASU) No. 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures.” Read Morechevron_right Article ERISA ROUNDUP – Q3 2023 December 15, 2023 Article ERISA ROUNDUP – Q3 2023 December 15, 2023 In this edition of our ERISA Roundup, we explore the importance of clear communications during open enrollment and monitoring employee deferral limits before the end of the year. We dive into cybersecurity impacts on retirement plans, as well as explore more of the key priorities of SECURE Act 2.0. Read Morechevron_right See All Insightschevron_right STAY CURRENT WITH OUR LATEST AUDIT INSIGHTS. mailSubscribe A CULTURE OF INNOVATION Driven by our purpose of helping people thrive, we view innovation as an opportunity to help our people, clients and our communities succeed. Through our Social Innovation program, we have fostered an environment that allows us to harness the transformative power of new and differentiated thinking. Learn More CONTACT US Talk to an audit innovation professional. We will respond in 1-2 business days. Thank you for contacting BDO. A representative will be in touch shortly. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. 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