What is Confirmation.com
Our Story
The concept of electronic audit confirmations all started with Brian Fox, founder of Confirmation.com. Having worked at two of the “Big Four” accounting firms, Brian experienced firsthand how the paper-based process was both inefficient and open to high risk of fraud. In 1999, during his first year at Vanderbilt University's Owen Graduate School of Management, Brian put together a business plan that outlined how the Internet could replace the conventional paper-based confirmation process.
After completing his MBA in 2001, Brian started the company to improve the audit confirmation process for the banking and accounting professions. During the company's early years, the management team was assembled under the leadership of Chris Schellhorn, former President and CEO of Visa Interactive and Managing Director of Integrion, Inc. Early activities included development and testing of the infrastructure for the first secure online confirmation clearinghouse. In 2003, after a few high-profile fraud cases put a spotlight on the inherent weaknesses of the paper-based process, banks and the accounting profession realized more had to be done to prevent confirmation fraud.
As the accounting industry standards evolved to address confirmation fraud-related issues and electronic confirmations, Confirmation.com was there with leadership, expertise, and a powerful solution. Today, Confirmation.com is the most trusted name for secure online audit confirmations worldwide.
Continuing with the mission of ending financial statement fraud, Confirmation.com engaged in a joint venture with CPA.com to build to a private company financial statement clearinghouse. The RIVIO clearinghouse gives (private company) key stakeholders like lenders confidence that the financial statements are not altered and coming from their original source, the CPA firm. To learn more visit, RIVIO.com.
Confirmation.com provides secure online confirmation services for auditors—those responding to confirmation requests and their shared client. Confirmation.com's patented service provides an all-in-one solution that helps minimize fraud and elevate efficiency for the entire audit confirmation process. Confirmation.com's unique Authentication and Authorization process validates the authenticity and authorization of each user. More than 16,000 accounting firms, 125,000 auditors, and thousands of responding companies, financial institutions, and law firms around the globe trust Confirmation.com for their audit confirmation needs.
Chris Schellhorn is the Chairman and CEO of Confirmation.com. He is a highly experienced CEO and a proven operator with a successful background in online transaction processing businesses within the financial services industry. He has managed several software and technology businesses and has served on numerous Boards of both public and private companies...
Brian Fox, CPA, MBA, is recognized as the creator of Electronic Confirmations and he received the first seven patents granted on electronic audit confirmations. Brian is the President and Founder of Confirmation.com and former Adjunct Professor at Vanderbilt University. He is also one of the founders and a Board member of Rivio.com, a joint-venture between the AICPA and Confirmation.com...
Suresh Babu is the Chief Information Officer of Confirmation.com. As a 25+ year Information Technology professional, Suresh has a vast experience in global application development, IT infrastructure, and security...
David Crenshaw serves as the Chief Financial Officer and Corporate Secretary of Confirmation.com. A mergers and acquisitions attorney and certified public accountant by training, David oversees the accounting, finance, legal and human resources divisions of the company...
Auditors send millions of requests worldwide to their clients' banks, law firms and suppliers. Online confirmations make this process simple.