Balance & Transaction Verification

Verify balance, transactions, and audit confirmations

Verify and fast-track your audit bank confirmations with DIRO’s solution. Streamline the audit confirmation process and get access to the bank balance, transactional data, and more in real-time. DIRO simplifies the audit confirmation process with original data directly from the bank source.

Our trusted solution is used by F500s and banks to verify bank data in real-time. DIRO’s balance and transactions audit confirmation technology makes the work of the audit process easier and faster. With access to source data from banks and with machine-readable JSON output and analytics, DIRO is creating the future of audit.

Confirmation of bank balances and transactions, up to 24 months, in real-time will improve the user experience for both CPAs and their clients.

Verify Balance

Verify balances from any third-party provider.

Global Service

Available in 195+ countries.

DIRO allows you to verify balance instantly in real-time.

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Features of DIRO’s balance and transactions audit confirmation

Confirmations for any third-party provider

We support a range of providers to handle all your audit requests. DIRO supports banks, debtors, custodians, FinTechs, financial institutions, and more.

Globally available

Request source data directly from banks in 195+ countries across the United States, Europe, Asia-Pacific, Middle East, and Africa, with real-time verifications to speed up your audit processes.

Real-time verification

Handle millions of transaction verification requests without increasing time. Verify transactions in real time to streamline the audit process.

Get started in minutes

DIRO instant transaction verification is a feature-rich solution that can easily be integrated with your new or existing frameworks. Collect and verify information directly from the issuing source and get instant verification. Get started with DIRO’s balance & transaction verification solution in minutes with our no-code integration option.

Data from the bank source

DIRO’s patented technology is the only solution that can verify international bank data in real-time. Access over 44,000 banks in 195 countries with DIRO’s Open Banking API.

Instant bank verification

DIRO offers direct access to bank data to authenticate instant sources of funds verification. The improved process can significantly reduce onboarding time and improve customer experience.

Seamless Integration

DIRO’s bank account API integration makes it easy to integrate with existing or new frameworks for real-time bank verifications to meet KYC, KYB, and AML regulatory requirements.

Learn what DIRO can do for your firm.

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FAQs

What is balance and transactions audit confirmation?

Balance and transactions audit confirmation is a process used by CPAs to verify the accuracy and completeness of an organization's financial records. It involves confirming account balances, transaction details, and other pertinent information to ensure the integrity of financial statements.

Why is balance and transactions audit confirmation necessary?

Balance and transactions audit confirmation is crucial for maintaining transparency and trust in financial transactions. It helps to detect errors, fraud, or discrepancies in financial records, ensuring accuracy and reliability in reporting.

How does balance and transactions audit confirmation work?

With DIRO, the CPA will request the organization being audited to log in to their bank where DIRO will capture balance and transactional data, for example, 12 months of bank statements. The output does not only provide the source file of the bank statement but also converts the data into structured machine-readable JSON.

What information is included in a balance and transactions audit confirmation request?

A balance and transactions audit confirmation request includes details such as the account holder’s name, account numbers, address, account balances, transaction dates and amounts, and any other relevant information needed for audit and confirmation.

Is balance and transactions audit confirmation secure?

Yes, DIRO’s balance and transactions audit confirmation process is secure and is being used by F500s and banks in 195+ countries. The entire process is encrypted with secure communication and also allows for a high-privacy mode where only selected fields get shared with user consent in each instance.

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