Systems and methods for obtaining accountant prepared financial statement confirmation

11861,696

14/180754

February 14, 2014

A systems and method facilitates obtaining accountant prepared financial statements associated with a client. A financial statement user initiates the process such as when a client has requested a loan and the financial statement user initiates an underwriting process. An identity of an accountant or client is received at a confirmation system from the financial statement user via the communications network. The identified accountant or client identifies the other party to the confirmation system via the communications network. Financial statements associated with the client are received from the identified accountant via the communications network. The received financial statements include financial information associated with the client. Permissions associated with the financial statements are received from the client via the communications network. The financial statements are provided via the communications network to the financial statement user in accordance with the permissions provided by the client.

Capital Confirmation, Inc. (Brentwood, TN, US)

Capital Confirmation, Inc. (Brentwood, TN, US)

1. A method of independently confirming accuracy and validity of accountant prepared financial statements associated with a client via a confirmation server associated with a confirmation system, linked separately and independently via a communications network comprising secure encryption protocols to each of a financial statement user, the client, and an accountant, the method being executed by one or more processors configured to implement operations comprising: receiving by the confirmation system a selection of the client by the financial statement user via the communications network; transmitting an identification of the client from the financial statement user via the communications network responsive to the received selection of the client by the financial statement user, wherein the financial statement user is a lending institution; receiving by the confirmation system a selection of the accountant by the financial statement user via the communications network; transmitting an identification of the accountant from the financial statement user via the communications network responsive to the received selection of the accountant by the financial statement user; querying an accountant license database, by the confirmation system, to determine at least a licensed or an unlicensed professional status of the accountant; upon determining at least a licensed professional status of the accountant, determining financial statements associated with the client and securely receiving the determined financial statements at the confirmation server from the accountant via the communications network, wherein the financial statements are configured to relate to financial information associated with the client based on the received identification of the client received from the lending institution and wherein the financial statements are associated with the accountant based on the received identification of the accountant received from the lending institution; notifying the client, via the communications network, that the financial statement has been uploaded by the accountant and is available only for review and release by the client via the confirmation system; receiving selected permissions for approving one or more financial statement users comprising at least the financial statement user to access the financial statements at the confirmation server via the communications network, the selected permissions corresponding to a selection received from the client wherein the selected permissions comprise a download permission and a length of time or expiration time associated therewith, the selected permissions configured to be stored at the server of the confirmation system responsive to receipt of the selected permissions from the client after receipt of the financial statement, wherein the selecting permissions for the financial statements by the client further comprises notifying the lending institution of the selected permissions and associated financial statements via the communications network; notifying each of the one or more approved financial statement users that the stored financial statement is accessible for download via the confirmation system; and upon receiving a request to access the stored financial statement from any one of the one or more approved financial statement users, securely transmitting the financial statements, via the communications network, from the confirmation system to the requesting one or more approved financial statement users in accordance with the selected permissions, wherein the financial statement is unaltered by the client and transmitted from the accountant to the requesting one or more approved financial statement users exclusively via the confirmation system.

2. The method according to claim 1 , further comprising: selectively storing at least one of pending and completed confirmation requests in a database.

3. The method according to claim 1 , wherein the identifying the client by the financial statement user comprises receiving a plurality of client identities, and wherein each of identifying the accountant by the client, determining financial statements associated with the client, selecting permissions associated with the financial statements by the client, and transmitting the financial statements are performed for each of the plurality of client identities.

4. The method according to claim 1 , wherein the database is a third-party database configured to contain information indicating whether an accountant is a certified public accountant.

5. The method according to claim 1 , wherein the transmitting the financial statements further comprises storing the received financial statements at the confirmation server.

6. The method of claim 1 , further comprising: analyzing the financial statement for financial information associated with the client; and obtaining confirmation, via the communications network, of the financial information in the financial statement from a third party associated with the financial information.

7. A method of independently confirming accuracy and validity of accountant prepared financial statements associated with a client via a confirmation server associated with a confirmation system, linked separately and independently via a communications network comprising secure encryption protocols to each of a financial statement user, the client, and an accountant, the method being executed by one or more processors configured to implement operations comprising: receiving by the confirmation system a selection of the accountant by the financial statement user via the communications network; transmitting an identification of the accountant from the financial statement user via the communications network responsive to the received selection of the accountant by the financial statement user, wherein the financial statement user is a lending institution; receiving by the confirmation system a selection of the client by the accountant via the communications network; querying an accountant license database, by the confirmation system, to determine at least a licensed or an unlicensed professional status of the accountant; upon determining at least a licensed professional status of the accountant, transmitting an identification of the client from the accountant via the communications network responsive to the received selection of the client by the accountant; determining financial statements associated with the client and securely receiving the determined financial statements at the confirmation server from the accountant via the communications network, wherein the financial statements are configured to relate to financial information associated with the client based on the received indication of the client and wherein the financial statements are associated with the accountant based on the received identification of the accountant; notifying the client, via the communications network, that the financial statement has been uploaded by the accountant and is available only for review and release by the client via the confirmation system; receiving selected permissions for approving one or more financial statement users comprising at least the financial statement user to access the financial statements at the confirmation server via the communication server, the selected permissions corresponding to a selection received from the client, wherein the selected permissions comprise a download permission and a length of time or expiration time associated therewith, the selected permissions configured to be stored at the server of the confirmation system responsive to receipt of the selected permissions from the client after receipt of the financial statement, wherein the selecting permissions for the financial statements by the client further comprises notifying the financial statement user of the received permissions and associated financial statements via the communications network; notifying each of the one or more approved financial statement users that the stored financial statement is accessible for download via the confirmation system; and upon receiving a request to access the stored financial statement from any one of the one or more approved financial statement users, securely transmitting the financial statements, via the communications network, from the confirmation system to the requesting one or more approved financial statement users in accordance with the selected permissions, wherein the financial statement is unaltered by the client and transmitted from the accountant to the requesting one or more approved financial statement users exclusively via the confirmation system.

8. The method according to claim 7 , further comprising: selectively storing at least one of pending and completed confirmation requests in a database.

9. The method according to claim 7 , wherein the identifying the client comprises receiving a plurality of client identities, and wherein each of the identifying the accountant, determining financial statements associated with the client, selecting permissions associated with the financial statements by the client, and transmitting the financial statements to the financial statement user are performed for each of the plurality of client identities.

10. The method according to claim 7 , wherein the database is a third-party database configured to contain stores information indicating whether an accountant is a certified public accountant.

11. The method according to claim 7 , wherein the client is an individual or organization seeking to borrow from the lending institution, and the accountant is an individual associated with recordkeeping for the client.

12. The method according to claim 7 , wherein the transmitting the financial statements, via the communications network, to the financial statement user in accordance with the permissions selected by the client further comprises storing the received financial statements at the confirmation server.

13. The method of claim 7 , further comprising: analyzing the financial statement for financial information associated with the client; and obtaining confirmation, via the communications network, of the financial information in the financial statement from a third party associated with the financial information.

14. A method of independently confirming accuracy and validity of accountant prepared financial statements associated with a client via a confirmation server associated with a confirmation system, linked separately and independently via a communications network comprising secure encryption protocols to each of a financial statement user, the client, and an accountant, the method being executed by one or more processors configured to implement operations comprising: identifying at the confirmation system the client by the financial statement user, wherein the financial statement user is a lending institution; transmitting the indication of the identified client from the lending institution to the confirmation server via the communications network; identifying the accountant at the confirmation system by the client; querying an accountant license database, by the confirmation system, to determine at least a licensed or an unlicensed professional status of the accountant; upon determining at least a licensed professional status of the accountant, determining financial statements associated with the client and securely providing the financial statements to the confirmation server by the accountant based on the identifying the accountant by the client, wherein the financial statements are received by the confirmation server via the communications network, and wherein the financial statements are configured to relate to financial information associated with the client based on the identifying the client by the financial statement user; notifying the client, via the communications network, that the financial statement has been uploaded by the accountant and is available only for review and release by the client via the confirmation system; receiving from the client at the confirmation system permissions for approving one or more financial statement users comprising at least the financial statement user to access the financial statements, the permissions being received at the confirmation server via the communications network, wherein the selected permissions comprise a download permission and a length of time or expiration time associated therewith, the selected permissions configured to be stored at the server of the confirmation system responsive to receipt of the selected permissions from the client after receipt of the financial statement, wherein the selecting permissions for the financial statements by the client further comprises notifying the financial statement user of the received permissions and associated financial statements; notifying each of the one or more approved financial statement users that the stored financial statement is accessible for download via the confirmation system; and upon receiving a request to access the stored financial statement from any one of the one or more approved financial statement users, securely transmitting the financial statements, via the communications network, from the confirmation system to the requesting one or more approved financial statement users in accordance with the permissions selected by the client, wherein the financial statement is unaltered by the client and transmitted from the accountant to the requesting one or more approved financial statement users exclusively via the confirmation system.

15. The method of claim 14 , further comprising: selectively storing at least one of pending and completed confirmation requests in a database.

16. The method of claim 14 , wherein the identifying of the client by the financial statement user comprises receiving a plurality of client identities, and wherein each of identifying the accountant by the client, determining financial statements associated with the client, selecting permissions associated with the financial statements by the client, and transmitting the financial statements are performed for each of the plurality of client identities.

17. The method of claim 14 , wherein the database is a third-party database configured to contain information indicating whether an accountant is a certified public accountant.

18. The method of claim 14 , wherein the transmitting the financial statements further comprises storing the received financial statements at the confirmation server.

19. The method of claim 14 , further comprising: analyzing the financial statement for financial information associated with the client; and obtaining confirmation, via the communications network, of the financial information in the financial statement from a third party associated with the financial information.

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