Driving Value for Clients and Auditing Firms
ENHANCED FINANCIAL OVERSIGHT FOR CLIENTS
Greater Insights and Control
Adopting ABENDUM’s TEA solution empowers clients with superior insight and control over their financial data, leading to faster audit processes and reduced risks of errors and fraud.
Immediate Value for Individual Clients
Even before connecting with broader business networks, clients benefit from secure, immutable accounting records compliant with ISA 240:32. This strengthens internal controls, reduces fraud risks and ensures financial data integrity from the outset. One example is the risk for management override of controls, this is one of few risks that is always present that auditors always need to check. Using TEA can give auditors the audit evidence for covering this risk.
STRENGHTENING CLIENT-FIRM RELATIONSHIPS
Access to Real-Time Data
TEA provides auditors with real-time data access and automated processes, reducing audit time and operational challenges.
Streamlined, Reliable Processes
This not only increases audit efficiency but also fortifies the relationship between firms and clients through more dependable, transparent processes.
SIMPLIFYING INTERNATIONAL AUDIT PROCEDURES
Cross-Border Consistency and Compliance
ABENDUM’s TEA solution facilitates international audit procedures by offering a standardized, secure platform for verifying financial data across borders. Immutable Enterprise Blockchain records ensure compliance with various regulatory frameworks, ISA standards being the most used internationally, enabling smooth collaboration among multinational audit teams and maintaining global data integrity.