Core Insights - PwC Australia has launched a global pilot program for a $1 billion AI-native audit platform aimed at enhancing the audit process by focusing on high-risk and high-value areas [1][2] - The platform, developed in collaboration with Microsoft, will be updated continuously and is expected to improve audit efficiency through real-time analysis [2][3] Implementation Strategy - The pilot program involves five Australian audit clients, with plans to expand to all PwC audit clients by 2028 [2] - The rollout will be staged, ensuring thorough testing of capabilities while adhering to regional and local compliance standards [3] Role of Auditors - AI will handle workflow, analysis, and data tasks, allowing human auditors to focus on critical thinking and informed decision-making [3][4] - This integration is designed to enhance client interactions and provide deeper insights [3] Training and Development - PwC Australia has initiated an extensive training program for all Assurance business members to prepare them for the new AI-driven system [4] - The training aims to equip auditors with the necessary skills to effectively utilize the technology [5] Technology Integration - PwC has expanded its use of Oracle Fusion Cloud ERP to improve financial controls, planning, and reporting processes through AI integration [5][6]