Once transactions are reconciled, auditors typically request variance analyses,  explanations for why account balances have changed significantly between periods. The Variance Analysis Agent performs this by analyzing the company’s financial statements period-over-period. It identifies material variances and drafts initial explanations using historical trends, ERP notes, and related documents, giving controllers a solid head start in preparing these narratives.

The core of any audit involves reconciling the company’s general ledger (GL) with source documents. The Ledger Mapper & Reconciler performs this by intelligently matching GL entries to original source records,  linking, for example, an accounts payable entry to its corresponding invoice and bank payment. This agent flags unreconciled items and highlights gaps that need attention, streamlining a task that typically consumes weeks of staff time.

For certain balance sheet accounts, auditors require detailed rollforward schedules,  clear documentation of how an account moved from its opening to closing balance. The Rollforward Agent automates the creation of these schedules for accounts like fixed assets, equity, debt, and deferred revenue. It pulls relevant GL data, links supporting documents, and outputs audit-ready rollforward templates.

As the audit progresses, tracking the status of auditor requests can become chaotic. The PBC Tracking & Ownership Agent monitors all incoming audit requests, parses them, assigns them to the appropriate internal owner (such as an accounts payable clerk or the controller), and tracks completion status. This ensures full visibility and accountability across the audit process.