Audit Confimation

ICAI Empaneled software to increase compliance to SA:505 External Confirmation

Audit Tracker

Identify Fraud

External Confirmation is one of the smallest but the most important process to detect corporate fraud, if any. Infact, as per the Peer-review report for 2019-2020, SA:505 External Confirmation ranks 2nd highest non-compliant. This is where Firmway’s Audit Confirmation software completely takes care of all your compliance on a click.
To boost compliance amongst auditors and enrich them digitally, ICAI has a Special arrangement with Firmway to provide the Audit Confirmation software at a discounted rate.

Audit Confirmation

Saves 100+ Man Hours per Audit

  • Roll out confirmations on a click
  • Send auto-follow ups to non-responders
  • Reduces Audit cycle from 2 months to just 15 days
  • Real time status tracking (Delivered, Failed, Read, Responded)

Double the Response Rate

  • Express follow up of 5 reminders every 3 days
  • Sends SMS to people not active on Email IDs
  • Marks the confirmation to multiple people
  • Auto escalations in case of non – responses
  • Keep your clients in loop
  • 3 click response for the confirmer
Audit Confirmation
Audit Confirmation

Double the Response Rate

  • Express follow up of 5 reminders every 3 days
  • Sends SMS to people not active on Email IDs
  • Marks the confirmation to multiple people
  • Auto escalations in case of non – responses
  • Keep your clients in loop
  • 3 click response for the confirmer
Audit Confirmation

Boost Compliance

  • Maintain independent control over the audit confirmation process
  • Detailed audit trails available
  • Simple OTP-based verification for the responses received
  • Complete Documentation in a Zip
  • Listed on ICAI CMP Benefits (https://cmpbenefits.icai.org/)

Additional Hidden benefits of Automating Audit Confirmation Solutions

Numbers Speak for Audit Confimation

Numbers  Speak for Audit Confimation

0
Number of Audit Firms
0
Number of Confirmations Sent
0
Value of Confirmation Sent (crore)
0
%
Avg Response Rate

Confirmation

Businesses connected

Reconciled

differences highlighted

Client

Industries



Want to know more about Firmway