Fiscalix, a subsidiary of Aistra, has announced the global launch of its new AI audit manager named Smart Accounting & Reporting to Augment Humans (SARAH).
The company said that SARAH uses advanced AI technology and includes more than 15 AI agents specifically designed to improve auditing processes.
SARAH is claimed to have been designed to transform the auditing field by providing “faster, more precise, and scalable audits,” with an initial focus on markets such as the US and the UK.
The technology aims to transform auditing by automating repetitive tasks, using advanced algorithms, and setting new benchmarks for audit quality, Aistra said.
Fiscalix CEO Kishore Mirchandani said: “AI in auditing is not just about enhancing efficiency; it is about empowering auditors to unlock deeper insights and raise the overall quality of audits.
“With the introduction of SARAH, we are tackling some of the most enduring challenges in the industry.
“SARAH gives modern audit teams the ability to explore data at a granular level, uncovering both risks and opportunities with remarkable precision and clarity, which ultimately drives smarter, more informed decisions.”
According to Fiscalix, auditors using SARAH could save up to 50% of their time, which can be redirected towards strengthening client relationships, elevating audit quality, and fostering professional development.
SARAH’s features encompass the automation of data extraction from public filings and client documents, the minimisation of errors through data matching, and the streamlining of resource management via automated tools.
Aistra Labs chairman and CEO Neeraj Bhargava said: “SARAH is a significant leap forward for the auditing industry.
“By leveraging advanced AI, we are not only making audits faster and more accurate but also enabling audit teams to focus on strategic and high-impact aspects of their work.
“We believe SARAH will trigger the beginning of a transformation in the way audits are conducted globally.”
