Circit

Yesterday was the big day! The second edition of Circit Connects at wallacespace in London. 🎟 We were delighted to welcome our attendees to an event packed with insights, learnings, Q&As, an interactive workshop and some relaxed networking over a drink or two at the end of the day 🍹 Huge thanks to our panelists Konrad Bukowski-Kruszyna (RSM UK), Greg Homer (BDO UK LLP) and Laura Hepple-Stokes (Forvis Mazars in the UK) and panel chair Rhodri W.. We also want to thank our guests who, through their curiosity and engagement, contribute to our shared goal of improving, streamlining and boosting audit quality.  Now the countdown is on to Circit Connects 2025 🧨

🔎 The Future of Audit: Balancing Human Insight and Technology 🔍 In our latest article by Lawrie Holmes, we explore how technology is reshaping the audit landscape. With new regulatory reforms on the horizon in the UK and the U.S., there’s a growing focus on quality, transparency, and the role that advanced tech like AI and quantum computing can play in transforming audit processes. Highlights from the blog: ▪ UK Audit Reforms: The proposed establishment of ARGA aims to strengthen audit standards and accountability in the UK, following financial scandals that highlighted gaps in audit integrity. ▪ Tech-Driven Solutions: As pressure mounts on audit firms to comply with stringent standards, technologies like AI are seen as tools to boost efficiency. However, firms are cautious—too much data without skilled analysis could risk diluting professional scepticism. ▪ Balancing Act: The future of audit lies in blending tech with human expertise. While tech enhances accuracy, experienced judgment remains essential for effective audits. Are we moving towards an audit process led purely by technology, or does the future of audit lie in a careful mix of human and machine? Read more to find out! 👉 https://lnkd.in/eEk8U9Qf #Auditing #FutureOfAudit #Auditors #CorporateGovernance

🌟 Exciting news to share! 🌟 We're honoured to announce that Circit has been nominated for the Deloitte Technology Fast 50 Awards, for the second year in a row. Being recognised among Ireland's fastest-growing technology companies is a huge milestone and a fantastic acknowledgement of our growth and achievements so far. Thank you to Deloitte for this nomination and for spotlighting Ireland’s tech sector and the talent fuelling its growth. On November 28 we will know where we rank on the list. Until then, congratulations to the other nominees on the list, and stay tuned to hear about our final ranking! #Fast50 #Awards #AccountsIQ #DeloitteFast50

🌐 Big news! Aareal Bank AG Bank and Circit are partnering to advance audit confirmations, allowing them to be finalised at unprecedented speed and efficiency. 🎉 Aareal Bank's clients can now securely communicate with the bank via Circit's encrypted digital platform. This will streamlines audit processes, enhance data integrity, and reduce manual work—setting a new standard for transparency and efficiency in banking. 💼 Key benefits include: ✔️ Enhanced data integrity ✔️ A single source of truth with a fully documented audit trail ✔️ Streamlined workflows ✔️ Time and cost savings This partnership underscores the power of technology in revolutionising processes and represents a big step forward for both organisations.

🏛 Launch Event: The Future of Audit & Asset Management Technology 🗓 Date: Wednesday, November 13th, 2024   📍 Location: The Alex Hotel, Dublin   ⏰ Time: 5:00 PM – 8:30 PM     Join us in Dublin at The Alex Hotel to explore the cutting-edge innovations shaping the future of audit, asset management, and fund services. This event offers a unique opportunity to connect with technology pioneers and experience the official launch of a new solution, set to revolutionise our industry.   Event Highlights:   💡 Transforming Asset Management Confirmations:   Get an exclusive look at Circit’s innovative asset verification platform, bringing all stakeholders together on one platform to streamline the confirmation process for auditors and fund service providers across all asset classes.     🤖 Shaping the Future with AI & Bank Data APIs:   Discover how AI and Swift’s Bank Data API integrations are transforming audit and fund accounting operations, delivering unprecedented efficiency and innovation.     Why Attend?   🔺 Engage with a network-centric platform connecting fund managers, auditors, banks, and more.   🔺 Learn how to automate operations and enhance audit quality and evidence with Circit’s new asset management solution.   🔺 Network with top professionals at our drinks reception.     🔗 Don’t miss out - RSVP here: https://shorturl.at/LhlxI

🔮 Audit Test Sample Sizes: What's the Future? 🔮 During our recent webinar "Verified Analytics: Towards 100% Testing", we asked attendees about their sample sizes for revenue testing, and the results were eye-opening! 🎯 👉 60% chose a sample size of 15-30 👉 40% opted for 50-100 👉 0% chose 100+ Audit firms continue to rely on small sample sizes, but the Financial Reporting Council is pushing for more comprehensive testing. What does this mean for the future of audit tests? How can data analytics revolutionise the field? 🔍 Find out in our latest blog post, where we explore five key trends shaping audit testing, the role of technology, and how Circit is helping auditors overcome today’s challenges. Check it out https://lnkd.in/eDjRVWEj 💡 #Auditing #Auditors #Futureofaudit #Circit

🔎 Circit at LPEA Insights 2024 🚀 Our team is on the ground at the LPEA - Luxembourg Private Equity & Venture Capital Association Insights, where Luxembourg's Private Equity and Venture Capital industry come together to shape the future of operational excellence in private markets. 🌍 If you're attending, be sure to swing by our table to learn more about how Circit is transforming audit confirmations with real-time collaboration and independent data verification solutions. 💼 Meet Jaap de Waard and Laura Scanlon, who are ready to discuss how our platform empowers auditors, fund managers, and service providers to streamline workflows and boost audit quality. Let’s connect, share insights, and explore how technology is driving the next generation of audit and fund services! #FundAdmin #Depositary #TransferAgent #PrivateEquity #LPEAInsights

The team attended the ICAEW AI & Analytics in Audit conference yesterday, and we left inspired and excited about the future 💫 Our CEO David Heath shared his insights on the importance of verified data in his insightful presentation, which was very well received. We're currently at such a crucial and exciting stage for audit, with the industry being revolutionised by ever-improving technological solutions and AI. We are now seeing efficiency and enhanced accuracy in ways we couldn't have imagined a few years ago. As we take these learnings back to our day-to-day work, we will be thinking of how we can leverage these developments to deliver even more value. The future of audit is here, and it's (verified) data-driven! ⚡️

🌍 Is Technology the Key to UK Audit Reform❓ In light of ongoing discussions about audit reform in the UK, Dudley Gould explores a critical question in our latest blog post: Is technology the solution for improving audit quality and competition? While shared audits have been at the heart of recent proposals, the impact on audit quality remains uncertain. The Big Four and challenger firms continue to voice concerns about the effectiveness of such reforms. Instead, we argue that innovation—especially through the adoption of audit technology—could play a pivotal role in transforming the landscape. From streamlining processes to enhancing audit quality with advanced data analytics, technology presents an untapped opportunity for the audit sector. Read more in the updated article, where we break down the current debate, government proposals, and the role technology can play in shaping the future of UK audit. 📖 Check it out here: https://lnkd.in/eYg3Jvmh #AuditReform #AuditInnovation #FinTech #AuditQuality

☑ Ensuring Financial Integrity Through Independent Asset Verification ☑ Asset verification is crucial for maintaining the accuracy of financial statements and building trust with stakeholders. In our latest blog post, Joanne Hillery, ACA, breaks down key methods for verifying assets and how technology can streamline the process. Check out the blog to explore: ✅ The importance of independent data retrieval ✅ How tools like Verified Transactions enhance verification ✅ Key steps to mitigate risk in asset verification ✔ Discover how these strategies can improve audit efficiency and financial accuracy: https://lnkd.in/ehA9VA6H #AssetVerification #Auditing #AuditTechnology #Audit