When it comes to authorizations and audits, it's now possible to get done in 5 minutes or less what used to take a day to complete, at minimum. Rely on a patented solution that leverages blockchain for added security that benefits the CPA firm auditor, client approvers, and participating financial institutions by gathering confidential 3rd party audit evidence, in accordance with professional accounting standards for auditors. With CCH Axcess Validate, you can:
- Save time
- Increase security
- Streamline processes
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Accelerate bank confirmations with cloud-based audit software
Save time
Auditors no longer need to transmit anything for authorization in order to access a client’s information. Instead, the authorization is provided by the client through direct interaction with their financial institution’s online systems for authentication.
Increase security
Using patented blockchain technology to exchange the requests and replies between the parties, CCH Axcess Validate provides a certified audit trail showing proof of all interactions and identities of the involved parties.
Streamline processes
Deep integration with CCH Axcess core staff and client modules, and upcoming integration with CCH Axcess Engagement Pro and CCH Axcess Knowledge Coach, enhances this data-driven process.
Speedy, simple 3-step process
As easy as 1-2-3. The process is simple and fast. Auditor requests financial information. Client validates request through their bank's online system. Through blockchain technology, certified audit trail shows proof of all interactions and identities involved.
Eliminate existing pain points
With CCH Axcess Validate, you'll no longer need to worry about exposing client data to fraudulent actors, limiting the sample of data examined, jeopardizing the audit's accuracy or creating increased liability for your firm. An investment definitely worth making.
Added benefits
Other benefits Validate brings to the audit workflow include not waiting for bank staff for you to collect requested client information and deep integration with CCH Axcess core staff and client modules simplifying the audit for both the auditor and their client.
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Moving to the Cloud with CCH Axcess™
Phyllis P. Graydon, CPA & Partner with Graydon Thompson talks about being connected anytime, anywhere with CCH Axcess™
Recommended CPA firm resources
Check out these white papers and videos to discover how you too can benefit from a modern bank confirmation solution.
Audit bank confirmation solutions for the modern firm
Watch this video and discover why CCH Axcess Validate is the leader in the audit confirmation process. Seamlessly leverage blockchain technologies in your bank confirmations and maximize efficiency with this powerful audit tool.
How CCH Axcess Validate leverages blockchain
This white paper discusses the basics of bank confirmations, limits to the traditional approach of acquiring them, and what value the CCH Axcess Validate solution brings to an auditor’s workflow by leveraging blockchain technology to quickly deliver safe and secure bank confirmations.
Achieve positive outcomes for your firm, your staff and your clients
Learn how CCH Axcess Validate helps firms automate, standardize and streamline your workflows.
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