
Automating IAS & IFRS Audits with Intelligent Document Analysis

Finance
Industry
AI-Driven Compliance Auditing
Service
OpenAI GPT Models
Technologies
Challenges We Faced
Financial statements come in various formats (PDFs, scans, tables), complicating automated parsing and chunking.
Improperly segmented financial notes or disclosures can lead to missed compliance gaps during analysis.
Regulations span thousands of pages and are updated frequently, making manual tracking and interpretation time-consuming and error-prone.
Handling sensitive financial data demands strict access control, encryption, and audit trails.
Solution We Propose
AI-enhanced compliance review that brings speed, structure, and clarity to audits.
Developed robust parsing methods to normalize diverse document formats before chunking and indexing.
Used semantic segmentation and section-aware AI to preserve contextual relationships across financial disclosures.
Applied risk scoring for flagged content and enabled optional human review for edge cases and critical sections.
mplemented end-to-end encryption, role-based access control, and audit logs to ensure compliance and trust.
Additional Features
PDF Upload & Chunking
Breaks documents into manageable segments for efficient analysis.
PDF Upload & Chunking
Breaks documents into manageable segments for efficient analysis.
Chroma VectorDB Storage
Ensures quick and relevant retrieval of document sections.
Chroma VectorDB Storage
Ensures quick and relevant retrieval of document sections.
Rule-by-Rule Analysis
Each rule is processed independently for granular accuracy.
Rule-by-Rule Analysis
Each rule is processed independently for granular accuracy.
AI-Driven Evaluation
Determines applicability and compliance using LLM.
AI-Driven Evaluation
Determines applicability and compliance using LLM.
Insight Generation
Aggregates reasons for non-compliance and offers clear suggestions.
Insight Generation
Aggregates reasons for non-compliance and offers clear suggestions.
Revolutionizing Financial Audits with AI
By combining advanced AI models with semantic search and intelligent document parsing, this project transforms how financial statements are audited for compliance. It reduces manual workloads, increases accuracy, and empowers finance teams and auditors with clear, structured insights—paving the way for smarter, faster, and more transparent reporting.
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