Menzies elevates audit consistency, efficiency, and client experience with Platformed's ISA 315 AI audit agent

Discover why Menzies selected Platformed, an AI-powered audit agent built for General IT Controls (GITC) assurance, to run ISA 315 audits

The Customer

Menzies LLP is a leading UK-based business advisory and accountancy firm with a global reach. Serving a diverse clientele ranging from mid-sized to large privately-held corporations, non-profits, and individuals, Menzies offers a comprehensive suite of services including Audit, Tax & Compliance, Accounts Advisory, Financial Planning, and Transaction Services. As a member of the HLB International network, Menzies is committed to optimizing its clients’ financial, operational, and strategic outcomes.

The Challenge

With increased regulatory complexity and growing client demand for technology-driven audit services, Menzies identified the need to modernize its audit workflows - particularly around ISA 315 compliance and IT risk assessments.

ISA 315 significantly raises the bar for identifying and assessing the risks of material misstatement through a deeper understanding of the client’s IT environment. For Menzies, this meant:

• More structured and documented control assessments
• Greater consistency in risk classification
• More comprehensive evidence capture
• Ensuring non-specialist team members could deliver high-quality outcomes

Manual processes can make it more difficult for firms to scale, and can introduce risk through inconsistency.

The Solution

Menzies implemented Platformed, an AI-powered audit agent designed specifically for risk-based IT audits under frameworks like ISA 315. The tool automates key stages of the audit process, reducing manual effort, standardizing outputs, and enabling greater assurance over IT control environments.

How Platformed Supports ISA 315 Compliance

The ISA 315 audit workflow in Platformed enables audit firms to benefit from:

• Automated Control Assessment- Platformed’s AI agent assesses controls automatically with full evidence trail to data room sources
• Automated Risk Assessment - Platformed’s AI agent identifies and scores risks against standard or bespoke risk frameworks, providing a full narrative and evidence to support auditor review
• Stakeholder Collaboration - Auditors and managers can review, comment, amend and approve findings within the platform, maintaining a clear audit trail
• Exportable Reports - Standard and bespoke reports can be viewed, downloaded or shared via API to cover every use case from presenting results to clients to storing working papers
• Evidence Collection - Evidence can be collected via customizable questionnaires and via integrations with internal or external systems

By adopting Platformed, Menzies was able to shorten audit completion times, reduce administrative overhead, and unlock new revenue opportunities through the expansion of IT audit services - all while enhancing audit quality and team productivity.

"Working with Platformed ensures we will be able to offer a consistent and high-quality approach across all our audits. With this partnership, we will empower our auditors to work more efficiently, raising the bar even further on audit quality and maintaining high consistency for our clients.”

Tom Woods, Partner and Head of Audit at Menzies LLP

The Results

The collaboration between Menzies and Platformed yielded significant benefits:

• Improved consistency and quality - standardized responses and audit processes ensured high-quality outcomes and maintained trust with clients
• Scalability - the solutions provided a scalable framework to support Menzies’ growth trajectory without proportionally increasing administrative overhead
• Time savings - substantial reduction in time spent on administrative tasks, freeing up resources for client-focused activities
• Enhanced client value - modernized IT audit processes led to quicker completion times for clients and the ability to offer additional IT audit services across multiple frameworks allowing Menzies to service more of its clients’ needs under one roof

Join the auditors redefining what’s possible. Financial audit teams using Platformed don’t just save time - they deliver deeper insights, improve quality, and drive profitable, scalable audit services. The future of audit isn’t manual - it’s intelligent, consistent, and AI-assisted.

Is your firm ready to reduce audit cost by 66% while increasing audit revenue by automating audits with Platformed's AI? Get in touch with our team here.