Confirmation.comTM

The world’s leading provider of secure electronic confirmations.

Copyright 2014, Confirmation.com
• Improves productivity and reduces costs

• Increases financial fraud detection

• Supports green initiatives

• Cloud-based service

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Confirmation.com: Secure Confirmation Clearinghouse

Exclusively Endorsed by

“I like how it is a centralized system to confirm my audit clients' balances.”

- Lindsey, Brookline MA

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Market Leader

Processes millions of confirmations.

• Confirms more than $1 Trillion in assets 

and liabilities annually

• Used in more than 100 countries

• Processing confirmations for 175,000 

private, public, government, and not-for 

profit audited entities.

Confirmation.com 

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Market Leader

Confirmation.com 

• Network reaches thousands of banks

- All of top 10 Banks

- 70 of the top 100 Banks

• More than 12,000 registered CPA firms, 

Regulatory agencies and Internal audit 

departments

• 80,000+ auditors worldwide

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• 2011 Award for Best Audit Service

• Ranked #96 in 2010 Inc. 500 List

• Ranked #169 in 2011 Inc. 500 list

• 2010 Reader’s Choice Award The 

CPA Technology Advisor

• “Ease of Use” Award for Tax & Audit 

Technology

Confirmation.com 

An Award-Winning Solution 

Confirmation.com

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• 60,510 pounds of paper

• 577,110 gallons of wastewater 

• 17,810 gallons of gas

• 1,011,450 pounds of greenhouse 

gases

– 1,026,960 miles driven

– 11,790 trees planted and grown 

for 10 years

– 178,140 sq/ft of forest preserved

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Corporate Responsibility: Environment

Confirmation.com

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Use of Confirmation.com has saved...
Bank/AP Clerk

Accountant

Relationship Manager

Mailroom

Mailroom

Assistant

Fax

US Post Office

Mailroom

1

st Request

2

nd Request

Fax Request

Phone Call

Client

Branch/Local Office

Operations

Accounting Firm

Order/Stocking 

Clerk

Order Paper Forms Order 

Envelopes

Supply Room

1. 4 - 6 week turnaround

2. 30+ steps

3. 40% lost/error rates

4. Difficult to track

5. No identity validation 

 

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Old Paper Confirmation Process is Inefficient & Ineffective

Outdated Mail and Fax Process
Is the requestor 

authorized to make 

the request?

Who receives 

the confirmation?

Who is completing 

the response?

Fraud Issues to Consider

re: the Paper Confirmation Process

Did the bank really 

sign the confirmation?

Who has access to confirmation 

information in the response?

Who validated the return 

address on the confirmation?

Confirmation.com

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Sample of Confirmation Frauds

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Europe’s Largest Fraud - $4.9 Billion fake confirmation – 2 Top 10 

Firms both sued for $10 Billion; Investors lost billions

India’s Largest Fraud - $1 Billion fraud using fake confirmations.

Multi-million dollar receivable confirmation fraud led to 

Bankruptcy and investors losing millions of dollars.

$5.1 Billion of fake revenue missed by auditors in confirmation 

fraud.

$1 Billion fraud with $525 million of fake bonds confirmed by the 

auditors led to hundreds of millions of dollars of investor losses.

$1.4 Billion fraud with $400 million of fake cash by manipulating the 

auditor’s confirmation procedures.

“Less chance of fraud.”

 - Joel LaRocca, Seattle WA

Copyright 2014, Confirmation.com
• Boshiwa (2012)

• Advanced Battery Technologies (2011)

• Olympus (2011)

• Sino-Forest (2011)

• China Biotics (2011)

• Longtop (2011)

• ShengdaTech (2011)

• China New Century Media (2011)

• China MediaExpress (2011)

• China Intelligent Lighting & Electronics 

(2011)

• NIVS Intellimedia Technology Group 

(2011)

• China Integrated (2011)

• Electronic Game Card (2010)

• Satyam (2009)

• Take-Two Interactive (2007)

• Refco (2006)

• Daisytek International (2006)

• Lipper Holdings (2006)

• Kmart (2005)

• Royal Ahold (2005)

• Just for Feet (2005)

• e-Safetyworld (2005)

• First American Health Concepts (2005)

• Del Global Technologies Corporation 

(2005)

• Parmalat (2004)

• Powerball International (2004)

• Suprema Specialties (2004) 

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Sample of Recent Confirmation Frauds

• Vista 2000 (2004)

• Warnaco (2004)

• Amicom (2004) 

• Northface (2003)

• Safescript (2003)

• Barings (2003)

• MicrosStrategy (2003)

• California Micro Devices (2003)

• Cronos(2002)

• Aura Systems (2002)

• Ebix (2002)

• PictureTel (2002)

• Healthsouth (2001)

• Allfirst Financial (2001)

• Quintus (2001)

• I&J Bagel/Manhattan Bagel (2001)

• American Bank Note Holigraphics (2001)

• Madera International (2001)

• Pier 1 Imports (2000)

• Three Point Digital (2000)

• Digital Lava (2000)

• Livent (1999)

• Just for Feet (1999)

• CF Foods (1999)

• Sunrise Medical (1999)

• Laser Photonics (1999)

• Financial Asset Management (1998)

• YBM (1998)

• Hybrid Networks (1997)

• Physician Computer Network (1997)

• Cambridge Biotech (1996)

• Pathe Communications (1996)

• Happiness Express (1995)

• Bio Clinic (1995)

• Northstar Health Services (1995)

• Kurzweil Applied Intelligence (1995)

• Standard Oil & Exploration of Delaware (1995)

• Refco (1991)

• Datamag (1991)

• BCCI Bank (1990)

• RSI (1988)

• ZZZZ Best Carpet Cleaning (1987)

• 18 Utah Companies (1987)

• Flight Transportation (1985)

• Alpex Computer Corporation (1984)

• J.B. Hanauer & Company (1983)

• ...McKesson & Robbins (1930’s)

70+ Confirmation Fraud Examples

 40+ in Last 10 Years!

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Confirmation.com Highlights

Industry Creator – Creator and world’s leading 

provider of secure electronic audit confirmations used 

by firms in more than 100 countries

All Top 10 Banks + Federal Reserve – Each of the Top 

10 U.S. banks and the Federal Reserve respond to 

confirmations through Confirmation.com

All Top 100 Accounting Firms – All of the Top 100 U.S. 

accounting firms and 10,000+ firms in the world

Investor Confidence – Confirmation.com is used to 

confirm more than $1 Trillion a year

Patented Business Process – Multiple U.S. patents 

granted with additional patent-pending in both in the 

U.S. and internationally.

“Fortunately, 

technology has 

caught up with the 

confirmation 

process.”

– CPA Technology

 Advisor

“If the lower-level 

staff see the value in 

the product, then it 

must be good.”

– CPA Technology 

 Advisor

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Integrations: 3 Largest Audit Software Packages

Confirmation.com Flexibility

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• E&Y staff connect to 

confirmation platform 

seamlessly after validation by 

E&Y Intranet

• Integrated into E&Y New Hire 

Training course

• Daily file with Client 

engagement numbers to enable 

timely and accurate data

• Customized management 

reports including reports on 

activity and office statistics

• Unique global firm profile set 

up and management

• Integrated into the firm audit 

software solution

• Customized training for all the firms 

users

Provides Custom Designed Functionality

• Developed specific confirmation 

types and complex routing for 

Fed. Reserve Banks

• Electronic fulfillment

• Confirmation completed 

by reviewer

• Files exchanged 5 times daily 

• Monthly file recapping activity with 

SunTrust billing codes fed directly into 

the billing system at bank

Confirmation.com Flexibility

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Mobile App

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Confirmation.com 

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 Global Usage

 Confirmation.com

Bestätigung 确认 confirmación प

ु

ष्टिकरण conferma 確認

“I get 100% return on my bank confirmations..”

- Janette Hildebrand, Vancouver, British Columbia

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• 24+ annual External Security Reviews including each of the Top 10 

Accounting Firms and the majority of the Top 25 Banks

• ISO 27001/27002 review annually

• SOC1,2, & 3 examinations every six months

• TRUSTe Certified Privacy Policy

• EU Safe Harbor Certified

• SOC 1 Audited Hosting Facility

• SCIF Certified Hosting Facility by the Federal Government & Department 

of Defense (Sensitive Compartmented Information Facilities)

• PCI Compliant

• Tested Daily to Comply with:

• Health Insurance Portability and Accountability Act of 1996 (HIPAA)

• Gramm-Leach-Bailey Act (GLBA)

• Sarbanes-Oxley Act (SOX)

• Extended Validated SSL for Website Identity Verification

• 128-Bit SSL Encryption/HTTPS throughout Site

• 128-Bit Triple Des Encryption of All Sensitive Data

• Daily Third-Party Vulnerability & Penetration Testing

Confirmation.com Security

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Tested & Trusted Technology
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“It makes the process more standard and secure.”

“It's user friendly and just easy to use.”

“It's paperless.”

“Less paper.”

“It’s quick.”

“One place for confirmations.”

Testimonials – Banks

“It is a lot less paper work.”

Copyright 2014, Confirmation.com

Confirmation.com 
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All Big 4 Firms

All Top 100 Firms

Custom Integration

Federal Reserve

All Top 10 US Banks

Majority of Top 100 

(US)

Custom Integration

Accounting Network Financial Network

10,000 Small & 

Mid-Size Firms

Sole Practitioners

International

Banks

Global Network

Resellers

Partner Preferred Provider Direct

Partner Direct Endorsement

Confirmation.com

Companies

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Fraudulent Electronic 

Confirmation Processes

Copyright 2014, Confirmation.com
Creating a Fraudulent − Legitimate Street Address is 

Easy: UPS Store Brochure

Fake Address

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Buying a URL/Website for $168.40

Fake Website

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Entering Fake Ownership Information is Simple

Fake Website

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Fake Website

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Illegitimate Website Ownership Information on WhoIs

Fake Website

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Fake Website

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Fake Website

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Fake Website  Getting Source Code

Fake Website

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Fake Website

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Fake Website

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Fake Website

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Fake Website

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Fake Website

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Fake Website

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Sending a Fake Email

Fake Email

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Fake Email

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Fake Email

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“What’s not to like about Confirmation.com?”

“I like your customer support staff.”

“It's a win-win situation.” - Greg Shelton, Sole Practitioner 

“I can literally get a response within an hour.”

“Simple and easy to implement.”

Testimonials – CPA Firms

- Lori Beirman, Dannible & McKee, LLP 

Confirmation.com 

Copyright 2014, Confirmation.com
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To learn more, visit Confirmation.com