Regulation by CBI paves the way for Circit to connect auditors with independent sources of audit evidence held by the banks of their client companies.
Circit’s platform transforms the audit process for its users, removing the fraud risk associated with the paper confirmation request process and enabling the process of audit confirmation requests on a real-time basis. Circit automates many of the traditional processes which have held the profession back in recent years. Following regulation in Ireland, the company’s next objective is to achieve regulation by the UK’s FCA which will facilitate growth in the UK audit market.
Circit was founded in Dublin in 2017 to introduce technology into the audit process to enhance efficiency; reduce the potential for fraud, and minimise cost for all stakeholders in the audit process.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.