The clearinghouse performs a number of services regarding the exchange of private company financial information. This includes validating that a financial document has been uploaded by a licensed CPA firm and eliminating the possibility that company management can change data once it is uploaded by the CPA firm.

Companies have complete control over who can view the information and the information is protected via encryption and a strong IT architecture. Erik Asgeirsson, president and CEO of CPA.com, noted only licensed CPA firms can upload audited and reviewed financial statements through the clearinghouse.

The developers said the Rivio Clearinghouse does not replace or compete with firm or bank portals and was designed with features relevant to each of three user groups. However, the clearinghouse can be integrated into the portals.

More information is available at Rivio.com