Audit Confirmations…online

We strive to keep you at the forefront of new technology in the accounting industry. That’s why we’re working with Capital Confirmation Inc. (CCI) to provide you and your clients with a simple online solution for Domestic Depository and Commercial Loan account Audit Confirmations.

It’s convenient, secure and enhances your practice capabilities with:

• A guaranteed five-day turnaround: Bank of America guarantees a five-business day turnaround on depository and commercial loan account electronic confirmations or the charge will be refunded
• Half the auditing hours: The CCI service reduces the auditor’s time spent on confirmations by an average of 50%¹
• Less potential for fraud: Electronic confirmations offer a more secure and reliable process that reduces the risk of fraud
• Powerful network access: You can utilize the CCI service to submit electronic Audit Confirmations to over 150 other financial institutions
• Industry approved: April 2007, electronic confirmations were approved as a valid piece of audit evidence by the AICPA Auditing Standards Board².

As of October 2008, all audit confirmation requests for Domestic Depository and Commercial Loan accounts must be submitted through CCI for processing. Access this innovative electronic service at $20 per account, for the first five client accounts, and $0.50 for each account thereafter. Getting started is fast and easy.

View our contact sheet (PDF, 64 KB) for more information on where to send audit confirmations for accounts other than Domestic Depository or Commercial Loan accounts.