A smooth and successful audit
You will have a smooth and successful annual audit without potential problems arising from bank confirmation fraud.
Save time and effort
A higher response rate and lower turnaround time using eConfirm.my can reduce your time and costs on follow-up work.
Facilitate monitoring and meeting of deadlines
Monitoring is facilitated with a system trail of the dates of a confirmation is requested, replied and received. The platform would also expedite the confirmation replies, enabling you to meet reporting deadlines.
Enhanced security over bank confirmation process
Only authorised personnel from a bank can respond to a bank confirmation request and the risk of confidential information being wrongly sent to other parties through post is mitigated.
Achieve greater efficiency and transform bank confirmation into an efficiency and reliable process in the audit workflow.
Reduce the risk of fraud which may potentially go undetected by auditors and simultaneously protect the interest of stakeholders that rely on audited financial statements.
Eliminate duplication, save time and minimise human error while providing a more secure process to confirm balances and arrangements.
Reduced delays in the clearance of audited financial statements.
It mitigates the risk of confidential information being wrongly sent to other parties through postal services.