PKF International, a global network of accountancy firms, has agreed on a deal with high-growth fintech company Inflo to further support the digital transformation of their member firms around the world.Both companies recognize the dramatic shift in technology capabilities in recent years and the need to leverage data in performing accounting services and firmly believe the adoption of Inflo by PKF member firms will enhance the value of audit services. This move supports effective remote working for clients and staff, leveraging automation to achieve efficiencies while ensuring the delivery of high-quality audit work.PKF member firms around the world now can utilize the full power of Inflo’s Digital Audit platform and leverage Inflo’s innovative Digital Audit methodology and engagement documentation solution. This promotes a data-driven, intelligent audit process to perform compliant audits and produces valuable client insights as a natural by-product.Firms will also benefit from Inflo’s Digital Collaboration capabilities to offer an enhanced client experience, and Inflo’s Data Analytics to develop auditors’ competence and capabilities on working with data.Theo Vermaak, PKF International’s CEO explained, “Data and technology are reshaping the audit and accounting profession, it’s our job to put our members ahead of the curve and give them a competitive advantage. Together with Inflo, we will continue to leverage technology to improve audit quality and get our members even closer to their clients, their businesses, and crucially, their needs. This is an exciting next step for PKF and Inflo and I look forward to our members reaping the rewards of our agreement.Inflo CEO and President, Mark Edmondson said, “We are excited to be working with PKF International and its member firms. PKF leaders are embracing the opportunity for change, understanding that clients are digitalizing their organizations and want more support from their advisors. They are seeking accounting firms who are aligned with their vision, similarly embracing digital working. We look forward to supporting PKF International and its global member firms”.With the digital transformation of audit and accounting in full flight and data playing a critical role, PKF’s work with Inflo will make Digital Auditing business as usual. As always, PKF clients can expect a forward-thinking approach and enhanced value from their advisors.
PKF International (PKF) is a global family of legally independent firms bound together by a shared commitment to quality, integrity and the creation of clarity in a complex regulatory environment. The network’s 220 member firms operate under the PKF brand in 150 countries across five regions. PKF has 20,000 professionals providing high quality audit, accounting, tax and business advisory solutions. The network is a member of the Forum of Firms, an organisation dedicated to consistent and high-quality standards of financial reporting and auditing practices worldwide. PKF International Limited administers the family of legally independent member firms and does not accept any responsibility or liability for the actions or inaction on the part of any individual member firm or firms.
Inflo is a high growth fintech company serving the accounting profession. Inflo allows audit firms to address challenges with resource capacity, inefficient service delivery, client data handling, and dated technologies through an integrated cloud platform leveraging data.Inflo’s Digital Collaboration, Data Analytics, Quality Management, and Workpapers solutions can be individually added to a firm’s technology stack to support incremental change or used in combination with Inflo’s proprietary audit methodologies to support a full digital transformation of working practices.