Brian Fox President and founder Confirmation
How is technology going to change the audit?
Technology helps automate staff-level manual work that all of us loathe doing. It will allow us to test entire populations of data at the transactional level, rather than testing only samples. Where we used to audit from the top down — starting with the financial statements and drilling down to the detail level — we will move to auditing from the bottom up using complete data sets and building up to the financial statements. Best of all, auditors will turn our focus to fraud auditing, which is what the public has expected from us all along.
How are you helping accountants prepare for these changes?
Confirmation operates at the intersection of efficiency and fraud detection with all of our global confirmation services. Our platform allows auditors to test entire populations of data with the push of a button and to confirm information quarterly, monthly, or even daily if they choose to do so, helping our profession drive toward a true continuous audit. With more than 1.5 million users including 16,000 audit firms and 200,000 auditors in more than 170 countries, Confirmation drives tremendous efficiency and cost savings for CPA firms while helping them catch billions in fraud over the past 20 years.
Confirmation is the digital platform and global network trusted by audit firms, banks and law firms to quickly and securely verify financial data. Founded in 2000, Confirmation invented electronic confirmations and reshaped and modernized the audit confirmation process. Today, Confirmation helps 200,000 auditors in 170 countries confirm more than $1 trillion in financial data every year. Our global network of validated responders includes 4,000 banks and departments and 5,000 law firms. Are you ready for fast, easy confirmations? Learn more at Confirmation.com.