AICPA Launches Secure Portal for Transmitting Financial Documents
The AICPA is launching RIVIO Clearinghouse to deliver CPA source-validated financial documents -- such as audited financial statements to bankers, shareholders and other investors.
Unlike with public companies, whose key data is accessible through the Securities and Exchange Commission’s EDGAR system, there is no central repository for private company financial information. As a result, many private businesses still rely on outdated methods to distribute financial statements, tax forms and other key documents, such as mailing or hand delivering paper copies or emailing unsecure files. Banks, private equity firms and other users of this information have little way of knowing if the data they receive has been altered.
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