Kira for Audit
With Kira, audit teams can complete audit reviews faster and more cost-efficiently, and reduce their audit risk by reviewing more comprehensive sample sets.
Kira’s state-of-the-art machine learning technology automatically identifies and extracts information from contracts and comes with over 500 built-in provision models. If the review of a company’s documents requires the identification of additional or unusual information, Kira Quick Study can be used to identify virtually any desired clause. Use Kira’s workflow features to easily coordinate audit team members and track progress of the engagement, and export Excel summaries of the relevant information.
Certify Audits with Comfort and Confidence
Determining a sample set of documents for an audit review, and gaining an in-depth understanding of a company’s financial position from their contracts, is a time-consuming and inherently risky process. With limited time and resources, auditors have to balance their resource constraints with the audit risk of certifying a company’s financial statements.
Kira can quickly review large volumes of documents and highlight only the relevant audit data. Audit teams can complete the sampling phase of the audit more accurately and efficiently, and even review larger sample sets to gain a more accurate view of the company in the same amount of time. Once the review is complete, the team can export the results in a number of different formats, including Excel, to greatly improve the audit file storage process.
Ready to use out-of-the-box
Kira is ready to use out-of-the-box or can be highly customized. The software comes pre-trained to find relevant audit data points from many document types, including:
Customers have also used Kira to successfully train their own audit models to find information that may be specific to a client, a jurisdiction, or a specialized industry.
How does it work?
Kira processes contracts in dozens of formats and automatically converts them to machine readable text. It includes workflow tools for your team to validate the results prior to them being exported into reports in Excel, Word or PDF.
Kira is the leader in machine learning contract data extraction
Kira has been used on thousands of concurrent projects, helping hundreds of organizations gain greater visibility into their contracts. Our users include many of the world’s leading professional service firms and companies, in over 40 countries. We are among the most used and trusted AI solutions for professionals anywhere. There’s a reason why.