Transform annual financial statement audits into a continuous 365 day per year engagement
Eliminate random sampling and start with 100% of cash transactions in near real time. Match them back to the general ledger entries as evidence and increase the footprint of your audit. Spend more time focusing on high risk aspects of the financial statement. VALID8 provides auditors a financial statement risk map by highlighting transactions that don’t map directly out to bank transactions
Follow up on anomalies in real time as they happen as opposed to waiting 12 months to ask the question. VALID8 pulls bank activity within minutes of the transaction posting. Spread the mundane work associated with financial statement audit over the year and make your client interactions more timely.
Shift your engagements away from negotiating the cost of the year end financial statement audit to strategic, relevant issues that matter to your client. If you understand cash flow, you’ll understand your client’s business better than most employees. VALID8 provides the insight you need to deliver more strategic value to your clients.