All posts tagged: audits

Checkfirst raises .5M pre-seed, applying AI to remote inspections and audits

Checkfirst raises $1.5M pre-seed, applying AI to remote inspections and audits

We’ve all seen them. The inspector with a clipboard, walking around a building, ticking off the last time the fire extinguishers were checked, or if all the lights are working. They work in the TICC (Testing, Inspection, Certification and Compliance) space, and they literally tick boxes. And while the job may seem simple enough to do physically, it’s a whole different ball game when it needs to be done remotely. Founder Ben Lambert realized just that, when after moving to Portugal, his wife’s property inspection business needed to be run remotely. “It was no longer easy to check inspections on-site and get reliable information. A final report could take weeks to come through,” he told me. Plus, actually scheduling the inspections turned out to be at least as large a problem. Seeing an opportunity, Lambert founded an AI-powered workflow tools startup, Checkfirst, that, in addition to allowing for remote inspections, enables businesses to schedule inspectors based on geographical location and qualifications. This results in less travel, a lower environmental footprint, and the workers end up …

Trump Media auditor charged by SEC with ‘massive fraud,’ permanently barred from public company audits

Trump Media auditor charged by SEC with ‘massive fraud,’ permanently barred from public company audits

Rafael Henrique | Lightrocket | Getty Images The auditing firm for Trump Media and the auditor’s owner were charged Friday with “massive fraud” by the Securities and Exchange Commission for work that affected more than 1,500 SEC filings, the federal regulator announced. The auditor, BF Borgers CPA and its owner Benjamin Borgers have agreed to be permanently suspended from practicing as accountants before the SEC, and also agreed to pay a combined $14 million in civil penalties, with admitting or denying the allegations, the SEC said. The agency, calling BF Borgers a “sham audit mill,” said the company and its owner engaged in “deliberate and systemic failures to comply with Public Company Accounting Oversight Board … standards in its audits and reviews incorporated in more than 1,500 SEC filings from January 2021 through June 2023,” according to a press release. The respondents also were charged with falsely telling clients that the auditor’s work would comply with PCAOB standards, fabricating audit documents to make it seem that the work did comply with those standards, and “falsely …

Spearbit raises M to improve security audits in crypto through its open marketplace

Spearbit raises $7M to improve security audits in crypto through its open marketplace

Security is paramount in crypto, but as regular coverage of hacks and other exploits make plain it is not taken seriously enough. Spearbit wants to change that, and it just raised a new round to accelerate its efforts. The startup raised $7 million in a funding round led by Framework Ventures with participants including Nascent, 1kx, Volt Capital, Breed VC and Robot Ventures, the company exclusively told TechCrunch. The capital will go toward building out Cantina, its open marketplace for web3 security auditors, as well as hiring more software engineers to automate its services and product marketplace workflow, company co-founder Spencer MacDonald shared. The startup previously raised a pre-seed round of $1.5 million in late 2021, bringing its total capital raised to $8.5 million today. The startup did not disclose a valuation, but PitchBook data pegs the company’s worth at around $48 million on a post-money basis. Spearbit was founded in November 2021, with three of its five founders coming from the Ethereum Foundation, in an effort to bridge the gap between freelance researchers and …