Case Study — Large Financial Services Institution

47,000 Expense Reports.
30 Controls. 10 Minutes.

An internal audit team tested a full year of expense activity in just a few minutes.

47,000
expense reports tested
30
controls evaluated
99.4%
ACCURACY
10 min
ingestion to workpaper
The Challenge

Sampling meant thin coverage.

Expense reporting is high-volume, high-noise, and a perennial source of fraud and policy risk. Like most audit functions, the team had relied on sampling, pulling a handful of reports per quarter and extrapolating, resulting in thin coverage, slow turnaround, and no way to know what the untested transactions might have shown. Manually testing 30 controls across a full year's population was estimated at weeks of analyst time.

The Approach

Point Torvia at a full population of data.

During a Torvia pilot, the team pointed the platform at a full year of expense data (47,000 reports) and defined 30 controls covering policy limits, approval thresholds, duplicate detection, out-of-policy categories, and supporting-evidence requirements. Torvia ingested the evidence, tested every control against the full population, flagged exceptions with source-traceable detail, and generated a review-ready workpaper for each control, end to end in ten minutes.

What I just witnessed happen in minutes, would have taken my team 6 weeks.
— Director of Internal Audit
The Results

Full population. Board-ready in minutes.

Complete coverage

All 47,000 reports tested against all 30 controls; no sampling, no extrapolation.

Radical time savings

Weeks of manual effort compressed into a ten-minute run.

Review-ready output

Exceptions surfaced with source-traceable evidence and a draft workpaper.

Higher confidence

Full-population coverage replaced sampling uncertainty with defensible, board-ready assurance.

Why it matters

Expense report testing is high-volume but lower risk. This is a great place to start your AI testing journey as it is often excluded from an annual audit plan due to the perceived low ROI from such manually intensive audit work. AI can quickly replace weeks of tedious work and quickly surface issues for the Auditor to review and resolve.

See it live

See it on your own controls.

Start a 45-day pilot at torvia.ai.