CPA.com, in collaboration with Confirmation, are bringing private company financial information exchange into the 21st century with the RIVIO clearinghouse. The online platform was designed to meet the need for accurate, source-driven and verified information and facilitates communication among three distinct users - CPA firms, private businesses and third parties.
For years in the United States, only public companies had access to a dedicated financial statement clearinghouse that supported authenticated document exchange among key stakeholders. Private companies have had to rely on more basic alternatives, such as email and courier services to distribute their sensitive financial documents.
While functional, users of financial information cannot be certain if the documents they receive have been altered. Additionally, due to the proliferation of the cloud, and the rapid rate at which the audit profession is changing, this is no longer a viable approach. The private company market has been missing a solution which provides source confirmation and authentication of financial statements. With RIVIO, those needs have been met.
Be part of the effort to end the era of financial statement fraud, and move towards a more reliable, and trusted source for all invested parties that validates CPA Firms and ensures unaltered financial documents are delivered to key financial stakeholders.
Reduces the risk of fraudulent use of the firm signature and provides recall controls.
Provides a digital repository to securely collect and distribute financial information.
Delivers an authenticated document digitally reducing risk of fraud.
Repository of Intelligent Validated Inputs and Outputs