From adjusted trial balance to complete financial statements.
The Financial Statement Preparation Agent uses information from across the engagement to prepare a complete set — balance sheet, income statement, statement of equity, statement of cash flows and footnotes.
Financial statement preparation agent
Generating draft…From the final adjusted trial balance and mapping — including the statement of cash flows.
Playing: Statements generated → Disclosures drafted from the engagement → Independent tie-out · 425 of 427
Preparation hours
Move from preparation to review.
Duplicate work
Stop entering the same information twice.
Reporting consistency
Statements connected to the audit.
Quality control
Preparation and checking are separate workflows.
In action
Financial Statement Prep Agents in action.
Because it understands more than the trial balance, it incorporates specialised transactions, audit findings and disclosure requirements already identified during the audit.
Financial statement preparation agent
Generating draft…From the final adjusted trial balance and mapping — including the statement of cash flows.
The difference
The process today, and with Validate.
Traditional preparation
8 steps- 1Adjusted TB
- 2Map to statements
- 3Build each statement
- 4Prepare cash flow
- 5Roll forward footnotes
- 6Draft new disclosures
- 7Cross-reference and tie together
- 8Review
Validate
4 steps- 1Adjusted TB + the whole engagement
- 2Financial statement agent
- 3Complete draft statements
- 4Auditor reviews
Your team reviews the exceptions and approves.
Instead of building the financial statements from scratch, your team reviews a prepared draft.