How Richey May Closed Revenue Testing 10× Faster With Punchcard Co-audit

The work behind the work

Substantive testing at Richey May, like at most firms, used to mean hours of document matching, transcription, and tick-marking before any audit judgment could be applied. Half the budget on a typical engagement disappeared into mechanical execution.

For revenue testing in particular — sampling SaaS or CPG contracts, agreeing amounts to invoices and shipping terms, validating cutoff — even an experienced senior could spend days assembling the workpaper before reviewing a single conclusion.

Co-audit on day one

On her first day using Co-audit, a senior at Richey May completed revenue testing across 41 selections and 123 supporting documents in 30 minutes. The agent populated each testing attribute, generated tick marks tied to assertions, and cited every value back to source.

What the auditor does instead

With the mechanical execution on autopilot, Richey May seniors spend their hours on planning, scoping, exception investigation, and the client conversations that actually require professional expertise — earlier in their careers than the traditional audit model would allow.