Research2026-10-07

PwC auditors began using AI tools for audit reports a year ago. Shawn Panson leads the initiative and notes rapid AI tool evolution. AI now reads documents, flags gaps, and surfaces audit risks. Audit reports still meet the same regulatory standards. Work pace has quickened and quality improved. Time savings remain modest so far. PwC invested nearly $1.5 billion in AI capabilities. Full efficiency gains are expected in subsequent years.

What changed

Auditors manually reviewed documents and prepared reports without AI assistance.

What it unlocks

Auditors can now use AI to review documents, flag missing information, and surface risks faster.

  • $1.5 billion in AI investments
  • 12 months since AI project launch

What you need to act on it

  • PwC's enterprise-led AI tools
  • pre-approved work tasks

Send this to someone who needs it

Shares the story and its sources. Nothing about you.

What does this mean for your job?

This is the story as everyone gets it. Once a week we send you the version written for your role — what changed, why it matters for the work you actually do, and one thing to try. Free while we tune it.