PwC Advances AI to Transform Audits

Wednesday, October 29, 2025

Hey, Accounting Pros!

Welcome back to AI Accounting Daily, your #1 source for AI news in accounting.

Today, we're diving into Intuit's new AI suite that's set to unify business data and streamline operations, PwC's ambitious goal for full AI audit automation by 2026, and PayPal's innovative integration with ChatGPT for seamless payments. Plus, we'll explore Google's Vibe Coding, which is transforming how apps are built with AI.

Latest in Accounting AI

PwC Targets Full AI Audit Automation By 2026

PwC is racing toward a fully AI-driven audit process by 2026, with tools lining up for each audit stage, from planning to financial review. Shawn Panson, U.S. assurance transformation leader, highlighted their new Simplified Audit for Private Business tool, which streamlines planning by auto-populating documents with historical data. It's already in use for private company AICPA audits. As these tools evolve, how will audit roles adapt?

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Intuit Launches AI Suite To Boost Efficiency

Intuit is reshaping the accounting landscape with its latest AI innovations. The introduction of Intuit Intelligence and the Accountant Suite streamlines operations, potentially saving accountants up to 12 hours monthly. Unveiled by CEO Sasan Goodarzi at Intuit Connect, these tools integrate seamlessly with QuickBooks and TurboTax. As AI agents become the norm, the real question is how quickly firms will adapt to this new efficiency.

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AI Applications

1. Docyt - Docyt consolidates multi-client or multi-entity data streams and automates routine workflows so your firm gains consistent data, enables advisory services and scales profitably.

2. DataSnipper - DataSnipper automates audit documentation by matching Excel and source data, saving accountants hours and reducing errors while enhancing compliance and review efficiency.

3. PrometAI - PrometAI generates robust business plans and financial projections so your firm supports client growth, packages advisory offerings and wins high-value engagements faster.

4. MeetGeek - MeetGeek records, transcribes, and summarizes meetings, allowing accountants to track client discussions and action items accurately, improving client communication and follow-up efficiency.

5. QuillBot - QuillBot refines your firm’s client-communications and internal drafts so your team writes clear, compliant deliverables faster, reduces revision loops and reinforces professional brand standards.

6. Endgame - Endgame consolidates client-data and interaction history into one source so your firm tracks engagement consistently, speeds proposal delivery and strengthens client relationships.

Updates in AI

OpenAI Restructures, Unlocks Capital for Growth

OpenAI's transformation into a public benefit corporation, valued at $500 billion, reshapes its relationship with Microsoft, easing capital constraints that once strained their collaboration. Microsoft retains a 27% stake, highlighting its hefty returns. Notably, CEO Sam Altman forgoes equity in this shift, emphasizing a strategic pivot rather than a public offering. The enduring partnership hints at deeper integration in cloud services beyond 2032.

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PayPal Integrates Payments Into ChatGPT

PayPal is stepping into AI-driven commerce, embedding its digital wallet into ChatGPT for seamless checkouts. This integration not only boosts PayPal’s exposure to millions of ChatGPT users but also extends its reach to a global merchant network. As PayPal shares rise, the intriguing part is how this partnership might reshape digital transactions and merchant interactions within AI platforms.

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Google Launches Vibe Coding For AI App Creation

Google's Vibe Coding in AI Studio is reshaping app development. By transforming text prompts into functional AI apps, it simplifies creation with Gemini wiring and visual edits. Accountants might soon find themselves crafting bespoke tools without coding. The intriguing part is how this democratization could shift the balance of tech power in firms.

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Prompt Ideas

Generate Scripts for Explaining Policy Changes

**Role:** You are a **firm communications lead** responsible for explaining internal or client-facing policy changes clearly and empathetically. **Action:** Write a **policy change explanation script** for **[INSERT POLICY CHANGE TOPIC]** that can be used in calls, meetings, or videos. **Context:** - Audience: clients or team members affected by the change - Goal: explain the change clearly, reduce confusion, and maintain trust - Tone: calm, transparent, and empathetic - Style: conversational and direct, with short sentences and plain language - Variables: - **Policy Topic:** [INSERT POLICY CHANGE, e.g., new billing schedule, document deadlines] - **Effective Date:** [INSERT DATE] - **Primary Audience:** [Clients / Staff / Partners] - Structure: 1. Brief context and reason for change 2. What’s changing 3. How it affects them 4. Steps the firm is taking to support them 5. How to get help or ask questions - Output Length: **200–300 words**