Circit is an audit confirmation and evidence platform. It lets auditors get bank, legal and fund confirmations, and bank transaction data, straight from the source instead of from the client. This review covers what it does, how it is regulated, what is known about pricing, and how it compares with Thomson Reuters Confirmation.
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Audit confirmations are slow. Letters go out to banks and law firms, replies take weeks, and auditors have to trust that the bank statements a client hands over are genuine. Circit was built to fix that by connecting auditors directly to the banks, fund administrators and other providers that hold the evidence.
This page explains what Circit does, which parts are backed by regulators and certifications, where it falls short, and which other tools to look at, so you can decide if it fits your firm.
Quick answer
Circit is a strong fit for audit firms that send a lot of bank, legal or fund confirmations and want evidence straight from the source. It is regulated by the Central Bank of Ireland and the UK FCA, and says it is used by more than 400 audit firms, including all of the Top 20 global networks. It is not a full audit workpaper tool, and it does not publish its prices.
Circit
Audit confirmations, bank data verification and client collaboration in one platform.
Sources: CPA Practice Advisor (Feb 2026), Open Banking Limited case study and https://www.circit.io/trust/security-and-compliance. Firm and network counts are Circit’s own figures.
Visit Circit →01About this review
Where the information comes from
- Company facts (funding, number of firms, network size) come from Circit’s February 2026 funding announcement as reported by CPA Practice Advisor. These are Circit’s own figures.
- Regulation comes from the register references Circit publishes for the Central Bank of Ireland and the UK Financial Conduct Authority, and from Circit’s 2021 announcement of its AISP registration.
- Features and security come from Circit’s website, its security page and ICAEW’s technology accreditation report on Circit.
- User opinion comes from public sources. Circit’s G2 page has only one review, so there is not enough independent feedback to report common praise or complaints. This page says so instead of filling the gap.
- No star score. This review doesn’t give Circit a score out of 5, because there is no public data that could back one up. The verdict is editorial judgment by Nitin Kumar, based on the sources listed at the end.
Circit’s biggest difference is regulation. Because it is a registered account information service provider (AISP), it can pull bank transaction data directly from a client’s bank, with the client’s consent. That is why auditors don’t have to rely on statements the client supplies.
02What is Circit?
Circit is an audit evidence and verification platform. It connects audit firms with their clients and with the third parties that hold evidence, such as banks, law firms, fund administrators and asset managers. Instead of posting letters or waiting for client-supplied files, auditors request and receive evidence through one platform.
According to the Open Banking Limited case study, Circit was founded in 2017 by a team of former auditors and is headquartered in Dublin. David Heath is co-founder and CEO.
In February 2026, Circit announced a $22 million growth equity round led by Ten Coves Capital, with existing investors Aquiline and MiddleGame Ventures. At the time, Circit said it was used by more than 400 audit firms, including all of the Top 20 global audit networks, and that its network covers more than 30,000 banks, fund service providers and other evidence providers. It also said that in the past year the platform helped confirm assets and liabilities for 150,000 corporate entities. The company said the money would go into AI-powered workflows and into growing its US teams.
Circit groups its product into a few parts:
- Confirm: digital audit confirmation requests.
- Verify: independent bank data and transaction evidence.
- Engage: client requests, documents, signing and general ledger data in one place.
- Provider and API network: API access to evidence from banks, fund administrators, asset managers and service providers.
03Key features of Circit
Digital audit confirmations
This is the core product. Auditors create, send and track confirmation requests to banks, law firms and other third parties, with a time-stamped audit trail. Circit says its confirmations cover bank, neo bank, private equity assets, crypto, and accounts receivable and payable.
For US firms, two updates matter. Circit says it is an approved channel for JPMorgan Chase audit confirmations, and in September 2026 it announced direct bank connections in its US network.
Open banking transaction verification
With the client’s consent, auditors can connect to the client’s bank account and pull transaction data directly. This removes the risk of edited or incomplete statements. In the Open Banking Limited case study, Circit says bank confirmations can take 20 to 30 days the traditional way, and that its approach can cut this to as little as two days. That is Circit’s own claim, so treat it as a best case.
PBC client collaboration
PBC (“provided by client”) lists let auditors ask clients for documents and track what is outstanding, received or overdue, without long email chains.
Legal e-signing
Circit includes document signing, such as letters of authority and engagement letters. Its security page says it uses eIDAS certificates for signing, the EU standard for electronic signatures.
Matching engine and fund data
Circit’s G2 listing describes a matching engine that matches the client’s general ledger against the third-party data. For fund audits, it connects to fund administrators and service providers through its API network.
Languages
Circit’s website is available in English, Spanish, French, Dutch and German, and its G2 listing names German, French and Spanish as supported languages.
04Regulation and security
For a tool that touches clients’ bank accounts, this is the part most firms ask about first. Here is what Circit publishes.
| Area | What Circit publishes | Where to verify |
|---|---|---|
| Ireland and EU | Circit Limited is authorised and regulated by the Central Bank of Ireland for payment services. Register reference C176625 | Central Bank of Ireland register |
| United Kingdom | Circit UK Limited is authorised and regulated by the Financial Conduct Authority. Register reference 989346 | FCA Financial Services Register |
| Certifications | SOC 2 Type 2 and ISO 27001:2022 | Ask Circit’s compliance team for the SOC 2 report |
| Hosting | Microsoft Azure | Circit security page |
| Encryption | All content encrypted in transit and at rest. Keys held in FIPS 140-2 Level 2 validated HSMs | Circit security page |
| Data location | GDPR compliant. Circit says all data and sub-processors stay in the EU | Circit security page |
| Accreditation | Evaluated for ICAEW technology accreditation as audit request confirmation software (report dated November 2020) | ICAEW evaluation report (PDF) |
Sources: Circit security, Circit AISP announcement (Aug 2021) and ICAEW evaluation report (Nov 2020).
Before signing, check both register references on the regulators’ own sites and ask Circit for the current SOC 2 report and ISO certificate. Your firm’s IT or risk team will likely want these anyway.
05Circit pricing
Circit does not publish prices. There is no pricing page on its website, and its G2 listing says pricing details aren’t available. To get a price, you need to book a demo with Circit’s sales team.
Quote-only pricing is normal for audit tools sold to firms, and the price usually depends on the number of users, engagements and confirmation types you need. Treat any specific Circit price you see online without a source as a guess.
Questions to ask in the demo
- How is it billed? Per user, per engagement, per confirmation, or a flat firm licence.
- Which modules are included? Confirm, Verify and Engage may be priced separately.
- Are there third-party fees? Some banks charge their own fee for each confirmation, whichever platform you use.
- Which of your banks are connected? Ask for coverage in the countries where your clients bank.
- Is there a pilot? A short pilot on a few engagements shows the real time saving before you commit.
06What users and firms say
Independent user reviews of Circit are thin. That is common for specialist audit tools, which have far fewer users than mass-market software.
| Source | What it shows | How much weight to give it |
|---|---|---|
| G2 | 5.0 / 5 from 1 review. The profile is managed by Circit | Too few reviews to draw conclusions |
| Circit customer stories | Named firms include BDO, Grant Thornton, Crowe, Forvis Mazars, MHA, Kreston, Menzies and Frazier & Deeter | Published by Circit, so naturally positive |
| Open Banking Limited case study | Explains how Circit uses open banking, with a quote from Kreston Reeves | Factual, but Open Banking Limited says it doesn’t endorse products |
| ICAEW evaluation report | ICAEW technology accreditation report on Circit, dated November 2020 | A useful signal, but it is several years old and the product has changed since |
Sources: G2 (as shown in October 2026) and Circit customers page. Ratings change over time.
The best way to get honest feedback is to ask Circit for references at a firm of your size and in your country, and to speak with them before you sign.
07Circit pros and cons
What’s good
- Regulated AISP in Ireland and the UK, so it can pull bank data directly
- Evidence comes from the source, not from client-supplied files
- Bank, legal, fund, crypto and AR/AP confirmations in one place
- SOC 2 Type 2 and ISO 27001:2022, with EU data residency
- Approved JPMorgan Chase channel, plus direct US bank connections
- Used by large networks such as BDO, Grant Thornton and Crowe
Watch out for
- No published pricing, so budgeting needs a sales call
- Not a full audit suite: no planning, risk or workpapers
- Very few independent user reviews to go by
- Bank coverage varies by country, so check yours
- Most performance numbers are Circit’s own claims
08Circit vs alternatives
Circit’s closest rival is Thomson Reuters Confirmation (confirmation.com). Other tools on this list do a different job and are often used alongside Circit rather than instead of it.
| Tool | What it is | Published scale | Best for |
|---|---|---|---|
| Circit | Confirmations, bank data verification and client collaboration | 400+ audit firms, 30,000+ providers | Direct-from-source evidence, strong in UK, Ireland and Europe |
| Thomson Reuters Confirmation | Confirmations, asset verification, open banking and audit APIs | 1.5M users, 20K audit firms, 4,300+ banks, 170+ countries | Firms that want the largest established bank network, especially in the US |
| Caseware | Audit engagement and financial statement software | Not compared here | Planning, workpapers and reporting |
| DataSnipper | AI agents for audit and finance testing, built around Excel | Not compared here | Testing and document matching |
| AuditBoard | Internal audit, SOX and risk management platform | Not compared here | Internal audit teams, not external confirmations |
Sources: confirmation.com, datasnipper.com and the Circit sources above. Scale figures are each company’s own claims.
Circit vs Thomson Reuters Confirmation
Both handle digital audit confirmations, and both now offer open banking. Confirmation.com is the long-established name with a much larger published user and bank network, which matters most for US work. Circit’s strengths are its direct regulation as an AISP, its client collaboration and signing tools in the same platform, and its European footprint. If most of your clients bank in the US, ask both vendors which of your clients’ banks they cover before choosing.
Circit and Caseware, DataSnipper or AuditBoard
These are not like-for-like competitors. Caseware runs the audit file, DataSnipper speeds up testing, and AuditBoard is for internal audit. Many firms use Circit for confirmations next to one of these. See our Caseware vs Workiva comparison and our list of the best audit software for CPA firms.
09Who should use Circit?
A strong fit. The more confirmations you send, the more time a central platform can save.
A good fit. Circit is regulated in Ireland and the UK and keeps data in the EU.
Worth a look. Fund administrator connections and the matching engine target this work.
Now worth comparing, after the JPMorgan Chase approval and direct US bank connections. Check your clients’ banks first.
Maybe not. With few confirmations a year, a quote-only platform may cost more than it saves.
Not on its own. You’ll still need audit software for planning and workpapers.
10FAQs
What does Circit do?
Circit is an audit evidence platform. It lets auditors send and track confirmation requests to banks, law firms and fund providers, pull bank transaction data directly with the client’s consent, collect documents from clients, and sign documents, all in one place.
How much does Circit cost?
Circit doesn’t publish prices. You need to book a demo to get a quote. Ask how it bills (per user, per engagement or per confirmation) and which modules are included.
Is Circit regulated?
Yes. Circit Limited is regulated by the Central Bank of Ireland (register reference C176625), and Circit UK Limited is regulated by the UK Financial Conduct Authority (register reference 989346). It is registered as an account information service provider, which allows it to access bank data with consent.
Is Circit secure?
Circit says it has SOC 2 Type 2 and ISO 27001:2022, runs on Microsoft Azure, encrypts data in transit and at rest, and keeps data and sub-processors in the EU. Ask Circit for the SOC 2 report before you sign.
Can Circit replace my audit software?
No. Circit handles confirmations and evidence. It doesn’t do audit planning, risk assessment, workpapers or financial statements, so most firms use it alongside tools like Caseware.
Does Circit work in the US?
Yes. Circit says it is an approved channel for JPMorgan Chase audit confirmations, and in September 2026 it announced direct bank connections in its US network. Its February 2026 funding is aimed partly at US growth.
Circit vs Confirmation.com: which is better?
It depends on where your clients bank. Thomson Reuters Confirmation has a larger published bank and user network. Circit adds direct AISP regulation, client collaboration and signing in one platform, and is strong in Europe. Ask both for coverage of your clients’ banks.
Who uses Circit?
Circit says more than 400 audit firms use it, including all of the Top 20 global audit networks. Firms named on its website include BDO, Grant Thornton, Crowe, Forvis Mazars, MHA and Kreston.
11Final verdict: is Circit worth it?
For audit firms that send a lot of confirmations, Circit is worth a demo. Its regulation as an AISP in Ireland and the UK, its security certifications and its list of large network customers are all things you can check, and they set it apart from many audit tools.
The gaps are real. There’s no public pricing, very few independent user reviews, and it doesn’t replace your main audit software. Most of the time-saving figures come from Circit itself.
The sensible next step is a demo and a short pilot. Ask for coverage of your clients’ banks, a clear price, and a reference firm of your size. If your work is mostly with US banks, get a quote from Thomson Reuters Confirmation too.
Book a Circit demo →12Sources
Sources used for this update, as published on October 31, 2026. Vendor figures are as stated by the vendor.
- CPA Practice Advisor: Circit secures $22 million growth equity funding (Feb 10, 2026): funding, investors, firm count, network size.
- Open Banking Limited: How audit platform Circit uses open banking (Dec 5, 2023): founding, HQ, open banking use, turnaround claim.
- Circit: AISP registration with the Central Bank of Ireland (Aug 14, 2021): regulation and register references.
- Circit: Security: SOC 2, ISO 27001, Azure, encryption, EU data.
- Circit: JPMorgan Chase audit confirmations: approved channel claim.
- Circit: Direct bank connections in its US network (Sep 9, 2026): US update and confirmation types.
- Circit: Customers: named firms and case studies.
- ICAEW: Audit Request Confirmation Software Evaluation, Circit.io (Nov 2020, PDF): ICAEW technology accreditation report.
- G2: Circit reviews: rating, review count, languages, pricing note.
- Thomson Reuters Confirmation and DataSnipper: competitor descriptions and published scale.