Banks and Insurance Companies: Respond to Confirmation Requests Quicker
Every year, millions of confirmation requests are sent to banks and insurance companies by financial auditors worldwide.
Responding to these requests can be time-consuming: Printing documents, preparing emails and posting letters are amongst some of the tasks you need to fulfil. Usually, the confirmation process takes up to 20 minutes of your time for each request.
As part of the digitisation on the audit profession, and in application of the ISA* 505 “External Confirmations” (*International Standards on Auditing), auditors can now use the secured and cloud-based platform, Circulariz.com to simplify their external confirmations.
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