CPA.com and Confirmation
RIVIO for Credit Unions
Hear how RIVIO is playing an important role in helping credit unions keep in step with shifting demands
Today, financial statements can be altered by anyone with a computer and Adobe Acrobat – which has made it more difficult than ever for credit unions to monitor and minimize fraud risks related to loans, investments, and other financial and management issues.
That’s one reason why the NCUA modified its audit report submissions policy, helping reduce the risk of fraud and simplifying the process of submitting audit reports.
It’s also why many credit unions are turning to RIVIO for a technology solution that ensures compliance. This secure platform confirms the CPA firm as the original source of the audit and review reports, verifies that the reports relate to the correct set of unaltered financial information – all while maintaining auditor independence for the credit union’s CPA firm.
The result? Confidence – in knowing that your credit union is operating in compliance, in your ability to do so efficiently, and in exercising real control over a daunting, persistent risk to your organization.
With RIVIO, credit union management can easily request information from their CPA firm, opening the door to easier, more efficient exchanges of audit reports and other documents
Designate who has access to view the audit reports uploaded by the CPA firm and increase visibility to ensure information is sent to the NCUA to remain in compliance
RIVIO provides a secure platform designed to prevent fraud and ensure digital trust between credit unions, its members and collaborating with third parties.
When change occurs that requires an organization to implement new technology, simplicity is often top of mind, and RIVIO's intuitive platform will fit seamlessly to standardize your workflow.
3rd Parties remain anonymous to CPA Firm