CCH Validate streamlines the bank confirmation process for auditors by connecting directly to any financial institution with an online presence. Get certified, compliant, and secure confirmations instantly without waiting for bank responses or dealing with manual paperwork.
The auditor requests financial information privately sent by the client, and securely submits in the cloud to CCH Validate. This can include full statements, account balances, or individual transactions through the bank’s online system.
You don’t have to worry about exposing client data to fraud, limiting the sample of data examined, jeopardizing the audit’s accuracy, or creating increased liability for your firm.
CCH Validate enables obtaining fully compliant and certified bank statements as well as account balances, details, and transactions by means of a digital connection with financial institutions across the globe, in minutes.
Open-source banking technology and data encryption ensure a certified audit trail and makes unwanted chance fraud and data tampering impossible. CCH Validate is compliant with audit industry standards, and every confirmation is issued with Security Compliance Certification (incl. SOC 1, SOC 2, and ISO 27001) providing you with an airtight audit trail.
Auditors no longer have to wait for the bank to respond to confirmation requests. With CCH Validate, simply request authorization for the needed financial data with your client, who privately selects and submits the requested information from their account. The information is sent via the cloud into CCH Validate for the auditor to review as part of the overall engagement. It's an easy and secure three step process.
You now have error reducing confirmation software that removes the need for manual data input, creates new efficiencies and accuracies, saving you time and expenses that can be reallocated to growing your business, more engagements, and beyond.
CCH Validate provides a bank confirmation process that is automated from start to finish. It takes just minutes to get your firm started and complete confirmation requests. And there is no need for manual data input or human interaction with the bank, creating new efficiencies and eliminating frustration.
Turning around bank confirmations will now just take minutes, not days or even weeks, giving back time for higher quality engagements.
