Audit Planning
Quickly draft risk assessments and initial audit plans based on your frameworks.
Why using ChatGPT for auditing creates hidden risks
Teams explore ChatGPT for auditing to speed up work, but it lacks the security and governance needed for enterprise scale. Lyzr GPT provides the secure AI layer.
Automated working papers
Consistent controls tests
Secure evidence summaries
Enterprise AI for
Audits: Governed AI
Lyzr is not another chatbot. It is an enterprise-grade AI engine designed to accelerate audit workflows with full security, governance, and reviewer control over every output.
Evidence AI
Instantly structure and summarize interview transcripts and other raw audit evidence.
Controls Automation
Automate the creation of control narratives and initial test scripts for team review.
Report Drafting
Generate consistent audit findings and report sections from your approved data.
GRC Compliance
Ensure all outputs are traceable for GRC and SOX compliance reviews and audits.
Auditing
Auditing
Deploy secure AI agents across the audit lifecycle, from planning to final reporting, with complete reviewer oversight and control.
Risk Assessment
Automate initial risk identification from internal data sources.
Controls Testing
Generate consistent test scripts and documentation for internal controls.
Audit Documentation
Draft audit working papers and reports that adhere to your firm's standards.
Stop the late nights on manual documentation. Let secure AI handle the first draft, so you can focus on analysis.
Improve Audit Quality and
Speed with Lyzr AI
Accelerate Audit Cycles
Significantly reduce the time your team spends on manual drafting and documentation.
Enhance Document Quality
Minimize reviewer comments and rework with AI-generated, standardized working papers.
Ensure Team Consistency
Apply consistent standards and templates across all of your audit engagements and teams.
Strengthen Compliance
Maintain a complete, traceable audit trail for all AI-assisted work for SOX.
Audit-Ready AI Platform
Capabilities
Lyzr's platform provides secure drafting, summarization, and analysis capabilities designed for sensitive enterprise audit workflows.
Evidence Summary
Transform unstructured meeting notes and evidence files into structured summaries.
Work Paper Automation
Generate sections of audit working papers, checklists, and planning documents.
Control Narrative Support
Draft narratives for walkthroughs, document control objectives, and create test steps.
Audit Trail Analysis
Analyze transaction logs and system data to detect anomalies and identify potential control gaps.
Reporting Assistant
Draft audit findings, executive summaries, and action items for final review.
How Does Lyzr AI Compare
for Audit Teams?
| Feature | Generic AI Tools | Audit Software | Lyzr |
|---|---|---|---|
| Data Privacy Model | Public data risk | Limited data control | Private data isolation |
| Deployment Flexibility | Public cloud only | Limited deployment | VPC, On-Prem, or Cloud |
| Model Governance | No model control | Basic control | Full enterprise governance |
| Auditability | No audit trail | Module-specific logs | Immutable audit logs built |
| Data Grounding | Uses public data | Some grounding | Grounded in your data |
| SOX Compliance Support Tool | No specific tool | Manual | Built-in compliance tools |
| Cost at Scale Model | High per user | Add-on fees | Predictable consumption plan |
| System Integration | Manual via API | Some connectors | Full enterprise integration |
| AI Hallucination Guard | No control layer | Partial controls | Built-in fact-checking layer |
| Vendor Lock-in | High risk | Moderate risk | No vendor dependency |
Enterprise AI Control
for Auditing
Secure & Private
Your data is processed in your own secure Virtual Private Cloud or on-premise.
Audit-Grade Control
Utilize granular permissions, detailed audit logs, and get full oversight of all activity.
Workflow Native
Integrates directly with your existing audit management systems and key data processes.
Trustworthy
Outputs always include direct citations to source evidence, ensuring verifiability and trust.
Trusted by Leading
Audit and GRC Teams
Lyzr's enterprise AI platform is trusted by top financial services firms and GRC teams to power their mission-critical audit and compliance workflows securely.
Lyzr has fundamentally changed how we handle audit working papers. It transforms raw evidence into review-ready drafts, saving our team countless hours. We maintain full control over the final output, but the initial heavy lifting is automated, which is a true game-changer for us.
Audit Head · Leading Fintech Enterprise Corp.
Zero
Data exfiltration incidents
Deploying Secure AI for
Your Team
Define Scope
We help define your key audit workflows and critical data boundaries.
Configure & Build
We set up your custom working paper templates, prompts, and checklists.
Connect Data
Securely link your document repositories, logs, and other evidence sources.
Train & Govern
We train your audit team, enable approval workflows, and monitor usage.
Frequently Asked Questions About
ChatGPT for Auditing
What is ChatGPT for auditing and how does it work?
ChatGPT for auditing uses LLMs to assist with drafting working papers, summarizing evidence, and testing controls. Lyzr GPT provides an enterprise version with security, governance, and audit-specific workflows that generic tools lack, ensuring data privacy and output reliability for teams.
Is using ChatGPT for auditing secure for our sensitive data?
Public ChatGPT is not secure for sensitive audit data. Lyzr GPT solves this by deploying within your private VPC or on-premise servers. This ensures your confidential information never leaves your control, meeting strict enterprise security and privacy requirements.
How does ChatGPT for auditing help create working papers?
Unlike generic tools, Lyzr GPT uses your firm's templates to draft consistent working papers. It automates the creation process, reducing manual effort while ensuring outputs align with your internal standards before any reviewer sees them, ensuring full compliance.
How does it automate risk assessment?
Our AI audit assistant analyzes internal data, historical findings, and risk frameworks to identify potential risks. It helps generate an initial risk assessment and control matrix, which your audit team can then validate and refine, accelerating the planning phase.
Can it support internal controls testing processes?
Yes, it provides significant internal controls testing support. The system can draft control narratives, suggest test steps based on control objectives, and analyze test results for any exceptions, streamlining the entire workflow for your team and saving hours of time.
How does audit evidence summarization work?
You provide unstructured evidence like interview transcripts or emails. The AI processes this and generates structured summaries highlighting key points. Each summary is linked back to the source document for full traceability and verifiability by the audit reviewer.
Is this platform suitable for SOX compliance support?
Absolutely. The platform is designed for governance, risk, and compliance (GRC) needs, including SOX compliance support. With full audit trails and outputs based on your internal control frameworks, it helps ensure your documentation is consistent, complete, and review-ready.
How do you prevent hallucinations or incorrect audit conclusions?
We mitigate this risk through several layers. Lyzr GPT is grounded exclusively in your private data. All outputs include direct citations to the source evidence, and every draft must pass through a human reviewer approval workflow. The AI assists, it does not decide.
What audit documentation systems can the platform integrate with?
Lyzr GPT offers flexible integration with leading audit management and GRC platforms, as well as document repositories. Our goal is to fit seamlessly into your existing tech stack, enhancing your tools rather than forcing a replacement of your current key systems.
How fast can an audit team implement this new solution?
Implementation is fast and efficient. A typical pilot focusing on a few high-value use cases, like working paper automation, can be configured and launched in just a few weeks. Our team works with you to ensure a smooth rollout that delivers value very quickly.
Got a use case in mind?
8 weeks from use case to
8 weeks from use case to
agents running in production.
Platform, people and FDEs, all in. Bring your environment. We’ll co-build and stay until it’s
live.