Close
Close

Image

Introduction

Lumen: Enlightened Financial Audits

Lumen is an advanced analytics approach that drives superior independent audits. We use predictive modeling and whole ledger analytics to bring all of your company’s financial data into clear focus. By transforming the way we see your statements, Lumen enables a new level of data-driven decision-making.
Connect with our Lumen team
Image

Chapter 1

Audit Quality

Grant Thornton is relentlessly focused on delivering the highest-quality audits. The continuous development of industry-leading analytics plays a vital role in this, but we have found that the analytical skills of our people and their ability to effectively use the tools are even more important.

Chapter 2

Our Process

Risk profiling

Our process begins with a sophisticated approach for profiling current and prospective clients for risks related to financial reporting fraud, restatement, material weakness in internal control, bankruptcy and corporate governance issues.


Risks identified in this phase are considered and addressed as part of the audit. This helps companies achieve high levels of reporting quality, internal controls and corporate governance. This results in a portfolio of clients that is aligned with Grant Thornton’s dedication to audit quality and continuous improvement.

Docfield

Data ingestion

We employ data ingestion tools to efficiently and seamlessly extract and load your data, saving valuable time and company resources. Then we apply another battery of proprietary tools and analyses, developed by leading experts in data analytics, to analyze this data. Insights obtained from our evaluation give us an even deeper understanding of your business and inform additional targeted exploration.

processed-for-animation2

Uncommon insights

Our process facilitates early identification and mitigation of reporting and internal control risks, allowing us to zero in on the data with the highest risk and impact potential. Our analytical techniques include:

  • Account combination analysis
  • Digital, textual and letter analytics
  • Trend analysis and regression
  • Benchmarking
  • Transactional scoring
  • Visualization and dashboards
The Audit Analytics Mbile Dashboard The Audit Analytics Dashboard