Investors
The client side of the audit is thinly served.
Well-funded players serve bookkeeping, the close and the auditor's side of the file — adjacent reference points. The client side of the SMB audit cycle is thinly served: a recurring, contract-driven obligation the audit firm is barred from fulfilling.
47%
of CFOs are unprepared or only sometimes prepared for their audit
80–150
items on a typical first-year PBC request list
$20–50K
typical audit-prep consulting spend, on top of the audit fee
340,000+
accountants have left the US workforce since 2019
Read the full market case: three forces, who it is for, what it replaces →
Business model
Subscription core. Advisory layers on top.
The platform is the recurring base. Human expertise — the thing a software team cannot fake and a Big Four firm will not price for growing companies — is sold in layers above it.
Platform subscription
Core / Plus / Scale tiers, priced to areas, entities and review level. The recurring base.
Lumistead reviewer sign-off
Experienced accounting reviewers sign technical areas — per area, per month, or per memo. Optional.
Technical desk
Fixed-fee memos and judgment calls from PCAOB-experienced partners.
Custom procedures and white label (later)
Bespoke procedures for unusual books; advisory firms running the platform under their brand after v1.