Deloitte Anjin Launches 'Lighthouse', a Solution for Diagnosing and Detecting Signs of Financial Incidents

[Asia Economy Reporter Lee Seon-ae] Deloitte Anjin Accounting Corporation announced on the 14th that it has launched ‘RightHouse,’ a data analytics-based solution that analyzes corporate accounting information and cash flow to diagnose and detect abnormal signs of financial incidents.

Anjin stated, “Recently, as various industries such as medical devices, finance, telecommunications, cosmetics, and food have experienced large and small embezzlement cases, interest among corporate executives and shareholders in supplementing and preventing internal control systems has increased, leading to a growing demand for system advancement. In response to this corporate demand, we are introducing ‘RightHouse,’ the first solution among the Big 4 accounting firms that diagnoses and detects signs of financial incidents from an accounting perspective and based on data analytics.”

‘RightHouse,’ which analyzes corporate accounting information through data algorithms to preemptively detect abnormal signs in cash flow, incorporates financial anomaly scenarios and provides about 10 detection modules by default, covering the most frequent cases of embezzlement domestically and internationally.

The detection modules are continuously updated, and by utilizing not only internal corporate data but also verified external data from institutions including the National Tax Service, the probability of detecting signs of financial incidents has been increased.

Additionally, ‘RightHouse’ offers graphs and tables visualizing signs and causes of financial incidents to enhance user convenience. Through this, corporate executives can easily review the appropriateness of cash flow and quickly identify the causes and countermeasures of any abnormal signs, thereby reducing the likelihood of financial incidents in advance.

It can be used to proactively monitor areas where internal controls related to financial tasks are insufficient and diagnose vulnerabilities to financial incidents, contributing to improvements in corporate internal control systems. Another advantage of RightHouse is its low initial investment cost. Unlike information system integration (SI) projects that incur initial setup and operational costs, RightHouse is provided as an on-premise subscription service. Clients can access RightHouse, which operates on internal servers, and utilize various content. Deloitte Anjin plans to convert RightHouse into a Software as a Service (SaaS) model in the future to further minimize clients’ infrastructure investment and management burdens.

Jang Su-jae, Head of Deloitte Anjin’s Audit Division, emphasized, “RightHouse is a solution that combines Deloitte Anjin’s audit experience and data analytics capabilities, providing a differentiated professional solution-based service to companies seeking to prevent financial incidents and strengthen internal control systems. Starting with RightHouse, we will continuously enhance our digital service capabilities by integrating the latest IT technologies such as artificial intelligence and big data into audit and accounting advisory services.”