News Release
For Immediate Release
October 17, 2007
Capital Confirmation and AuditWatch Announce Alliance
Joseph P. "Bo" Fitzpatrick, CPA Chris Schellhorn
President, AuditWatch, Inc. CEO, Capital Confirmation Inc.
(p) 800.775.9866 (p) 888.716.3577
bfitzpatrick@auditwatch.com Chris.schellhorn@confirmation.com
September 13, 2006 – Nashville, TN Capital Confirmation announced today the forming of an alliance with AuditWatch, a Herndon, Virginia based consulting group. The two companies will team up to market and deliver Capital Confirmation's "CONFIRMTM" service to CPA firms. The CONFIRMTM service is the accounting profession's only online patent-pending confirmation service which over the last four years has processed over 15,000 online audit confirmations achieving an unrivaled 100% response rate with an average response turnaround time of less than 72 hours.
AuditWatch's involvement will help Capital Confirmation extend their marketing reach to AuditWatch clients and AuditWatch will assist in helping CPA firms understand the value and use of CONFIRMTM. "After several years of being on each other's radar and our recent evaluation of their CONFIRMTM product", said AuditWatch President Bo Fitzpatrick, "it became quickly apparent that both companies' mission of helping auditors succeed was completely in synch."
"We look forward to our relationship with a group such as AuditWatch, a respected company that has been helping the CPA profession for 15 years. Working with AuditWatch will significantly help increase market awareness of our flagship service CONFIRMTM," said Capital Confirmation CEO, Chris Schellhorn. "AuditWatch has earned the trust of their clients and they understand the profession and related needs as well as anyone. Our mutual goal to offer efficient solutions that improve audit quality makes for a great alliance."
Brian Kush, AuditWatch Vice President, added, "Capital Confirmation's product not only helps auditors increase the speed and quality of audit evidence gained by obtaining confirmation replies electronically, but it may also prompt firms to reengineer their entire confirmation process, which will lead to large efficiency gains for the firm as a whole. We are very excited to team up with Capital Confirmation to bring this technology to our clients."
About AuditWatch, Inc. is the nation's premier consulting and training firm serving the audit profession. Since 1992, the company has worked with hundreds of accounting firms, successfully training auditors in providing effective, efficient, and quality services.
About Capital Confirmation Inc. services over 3,500 clients in 48 states and is the leading electronic audit confirmation provider in the global accounting profession. Based in Brentwood, Tennessee, Capital Confirmation's unique online and offline authentication and authorization features create an unparallel confirmation process that far surpasses all other audit confirmation processes. Capital Confirmation provides a Closed Network where each user is identified and specifically defined within the system. All actions are traceable to a unique authenticated user, as opposed to the standard process of mailing confirmations which is an open network where any and all unauthorized parties are free to request and respond to confirmations with little to no ability to track their activities or verify their identity.