Getting bank confirmation responses is a central element of the audit process. Manage the process within this all-in-one solution using these features and tools:
How Online Audit Confirmations Improve the Audit Process
Various CPAs, including our President & Founder Brian Fox, CPA, discuss the efficiencies of online audit confirmations.
In-Network Bank Confirmations (Individual Balances)
Access thousands of validated banks that respond electronically for balance and arrangement information in a matter of days compared to weeks and months. Confirmation types include: Asset, Liability, Alternative Investment, Bond Issue, Commercial Real Estate, Cutoff Statement, Derivatives, Escrow Account, Letter of Credit, Line of Credit, Money Market Fund, Obligation to Lessor, Safe Deposit, Securities, Signature Card, and more.
In-Network Bank Confirmations (Consolidated)
For some banks, you can request a full search across multiple departments and systems with only a main account number for an entity. The bank will confirm all balances and arrangements in respect of that entity.
Out-of-Network Bank Confirmations
Electronic–Simplifies the process of sending and collecting responses by allowing you to conveniently manage the process within the system.
Paper-based–Allows you to easily fulfill paper requests within the same powerful system. Submit your request and we’ll take it from there. Responses are returned to the address on file within Confirmation.com.
Get a quick walk through of how Confirmation.com can improve your audit process.
Auditors send millions of requests worldwide to their clients' banks, law firms and suppliers. Online confirmations make this process simple.