Surety: Financial Services

“Our standards officers can rest easier knowing that AbsoluteProof is working in the background to seamlessly Seal and authenticate our critical records.”

– Mark Bonner, IT Director, RSM Richter

High profile corporate scandals have placed an increased focus on corporate governance and internal controls. In the United States, complying with the Sarbanes-Oxley Act (SOX) and a number of SEC regulations means providing proof of secure and accurate financial reporting. Since the passage of SOX, an increasing number of international regulatory bodies have mandated similar internal governance and content security requirements.

For RSM Richter, one of Canada’s largest independent accounting, business advisory and consulting firms, a November 2007 ruling from the Canadian Institute of Chartered Accountants (CICA) outlined strict requirements for FAS 103 financial statement archiving. The ease-of-use and automatic sealing feature within Surety’s AbsoluteProof offered RSM Richter’s accountants a seamless process for archiving audit statements and meeting CICA FAS 103 regulatory requirements.

In addition to the CICA requirements, RSM Richter has integrated AbsoluteProof into its existing accounting software and audit archives to provide an additional layer of content security and ensure authenticity. AbsoluteProof provides RSM Richter with an added level of security and the ability to withstand even the most exacting legal or regulatory scrutiny by providing irrefutable proof of the authenticity of their electronic records. The time, data and content integrity of records Sealed with AbsoluteProof can easily be verified by anyone seeking to demonstrate that the records have not been tampered and have been in existence since a specified date and time.

“If the validity of any of our audit documents or financial statements for clients is challenged, we can point to Surety and demonstrate the authenticity of these records,” says Mark Bonner, IT director at RSM Richter. “Having a reputable third party who can vouch for the integrity and authenticity of these records at any point in the future gives us an advantage over competitors who lack this process. RSM Richter’s standards officers can rest easier knowing that AbsoluteProof is working in the background to seamlessly seal and authenticate our critical records.”

Quick Links

Next Steps