New Prebuilt Agents for Every Audit and Finance Team

Audit and finance teams are swamped with multiple procedures. External auditors testing fixed assets, SOX professionals reviewing purchase approvals and internal finance teams checking debt covenants have different requirements. 

Pick one agent, and everyone on your team starts from the same tested approach, on every engagement. No need to build anything from scratch. 

We started with 50 Prebuilt Agents for common audit and finance procedures, from revenue cut-off testing to capital additions testing, and the library keeps growing. Now, we have over 100 agents for you, across external audit, SOX testing and industry-specific workflows. Meet this month's new agents below.

External audit

From testing inventory purchases to checking payroll and reviewing leases, external audit teams work across a wide range of procedures and supporting documents. These new agents give you a starting point for bringing that evidence together, so your team can spend less time on repetitive checks and more time reviewing the items that need attention. 

Purchases, AP and expenses

Advisor Fee Check, Employee Expense Receipt Match and Utility Telecom Allocation confirm that spend is authorized, supported by agreed terms and allocated correctly.

Inventory

Inventory Purchase Match tests that purchases are received and valued correctly. Inventory Write-off Support Check confirms that write-offs are valid, approved and properly valued.

Fixed assets, leases and capex

Fixed Asset Existence Check tests that recorded assets exist. Lease Amendment Verification checks that modifications are identified and remeasured, and Construction-in-Progress Invoice Match ties CIP additions to approved projects.

Financial close and accruals

Prepaid Expense Check, Warranty Reserve vs Claims, Intercompany Elimination Check and Customer Deposit Liability Check test period-end balances against supporting evidence.

Tax

VAT/GST Reclaim Check verifies that input tax credits are supported by valid tax invoices. Sales Tax/VAT Evidence Check tests that tax charged on sales is backed by customer location, tax code and exemption status.

Cash, payroll and benefits

Wire Transfer Authorization Check tests the authorization and business purpose of wires. Terminated Employee Final Pay Check verifies correct final pay and timely removal from payroll, and Plan Expense Support Check confirms that plan-paid expenses are allowable and supported.

SOX testing 

Testing a control means more than checking whether an approval exists. Your team also needs to understand whether it came from the right person, followed the relevant policy and is supported by evidence.

Entity-level controls

Unusual Transaction Review tests that significant unusual transactions receive documented accounting analysis and the right approval. Related Party Control Review verifies that related parties and their transactions are completely identified, evaluated and approved. Delegation of Authority Review checks that the authority matrix is current, formally approved and updated for organizational changes.

Procure-to-pay controls

Vendor Master Governance Review tests that vendor creations and sensitive changes are independently validated and approved. Purchase Order Approval Review verifies that purchase orders follow approved authorization thresholds and that workflow overrides are justified and monitored.

Industry-specific workflows 

Finance and internal audit teams work across a wide range of procedures, from reconciling accounts to reviewing contracts and valuations. The documents and requirements vary by industry, so we’re building agents for those workflows too. 

Here are the new additions for teams working in banking, insurance, logistics, private equity and more:

Banking, energy and airlines

Loan Terms Match tests that each funded loan was boarded on the terms the credit committee approved. Guarantor DSCR Recalculation and Debt Covenant Compliance Check verify that coverage and covenant ratios are accurately reported and within their thresholds. Aircraft Lease Terms Check confirms that rent and reserve rates agree to the lease summary.

Private equity and fund administration

Portfolio Valuation Input Check verifies that the recorded valuation uses only supported metrics and the agreed multiple. Management Fee & Carry Recalculation tests that fees and carried interest charged to investors are accurate and authorized. Two further agents test that each mark uses a current NAV and that every diligence finding is sourced and every threshold breach is surfaced.

Insurance, logistics, manufacturing and materials

Supplier Statement Reconciliation tests that supplier statements are complete and correctly recorded in the ledger. Further agents verify that claim payments are authorized and in force, that invoices are QC-cleared and allocated to the right cost center, that contract obligations are billed on the executed terms and that invoices are priced off the correct index.

Real estate and legal

Property Settlement Check verifies that net proceeds recompute, prorations are correct and the journal entry ties to the statement. Client Trust Account Three-Way Reconciliation tests that each trust account reconciles with no negative client balance and all reconciling items cleared.

Consumer services, media and software

Petty Cash Check confirms that each disbursement is genuine, authorized and within limit. Capitalized Project Cost Tracing tests that each capitalized cost is real, authorized and in period. Royalty Payable Reconciliation verifies that payables agree to contract, and SaaS Liability & Data Terms Review checks that liability and data-processing terms are within policy.

How to use Prebuilt Agents 

Traceable, governed and secure agents 

Regardless of how you use these Prebuilt Agents, every output traces back to its source, and agent and human actions are recorded for review. Organizations can manage who can access, run and publish agents. Professionals keep judgment and final sign-off. 

Get started with Prebuilt Agents