Bank confirmations can become a bottleneck when audit teams are waiting on financial institutions during busy season. For CPA firms evaluating AuditConfirm…

SAS 150 External Confirmations introduces one of the most significant changes to U.S. external confirmation requirements in years. Most notably, auditors will…

AuditConfirm vs Circit comes down to more than feature lists. For audit firms, the important differences are bank coverage, how confirmation evidence…

A partner from a CPA firm once told me that by lunchtime, her group worked with six different systems. The system for…

The confirmation goes out on a Tuesday and comes back three weeks later, signed by somebody with an unknown job title. The…

Confirmation from a bank should take just one day, but for some firms, this takes a few weeks. This gap does not…

Bank statements used to be static. They were in PDF or scanned form, or even just numbers saved in time and delivered…

The balance sheet reflects management’s representation of an organization’s financial position at a specific point in time, including the assets it reports…

External audit confirmations continue to play a critical role in gathering evidence for external audits. At the same time, for many CPA…