OOath delivers continuous, software-driven independent financial verification by operating as a licensed audit firm. It connects to client accounting systems and re-performs standard audit checks—transactions, balances, documents, calculations, and controls—at the speed of the monthly close and on-demand item validation. It positions itself as a captive audit provider (with insurance and data-security services) to deliver defensible opinions and automate roughly 80% of audit work while leaving final judgment to human auditors. Its initial focus is on private companies, funds, employee benefit plans, and nonprofits before expanding to public markets, aiming to provide ongoing assurance without slowing business processes.
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Industries
Company Size
11-50
Company Stage
Seed
Total Funding
$6.6M
Headquarters
Chicago, IL
Founded
2025
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Total Funding
$6.6M
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Oath Verified, a Chicago-based financial technology startup that automates auditing, has created a Quality Advisory Board for its audit practice, Oath CPAs PLLC. Sara Lord, a former chair of the AICPA Auditing Standards Board, is its founding member. The startup formed the board voluntarily, just months after launching its audit practice on May 28, 2026. The board will give outside views on Oath's audit methods and quality management. Oath's technology connects to companies' financial systems to verify records throughout the year. Licensed CPAs review the evidence, apply judgment, and sign off on each audit. Lord has nearly 30 years of public accounting experience and previously served as chief auditor of RSM US LLP. "Technology is changing how audits are done. That makes professional judgment and a strong quality management system more important, not less," she said.
US based Oath is trying to automate 80% of the audit work, with AI. Data extraction, document review, population testing, and similar mundane tasks are ripe for AI disruption. But it will never be 100% automated, as the Audit process still needs the final layer of professional
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Industries
Company Size
11-50
Company Stage
Seed
Total Funding
$6.6M
Headquarters
Chicago, IL
Founded
2025
Find jobs on Simplify and start your career today
Don't see your dream role? Check out thousands of other roles on Simplify.Browse all jobs