Spot­lighton

Con­fir­ma­tion

Accounting Today - - Coverstories -

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.

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