SOX News
Oversight Systems to Host Nov. 15 Web Conference: Aligning GRC to Combat Fraud
Gartner Research Vice President French Caldwell and Oversight Systems CEO Patrick Taylor Scheduled to Present
ATLANTA (November 6, 2007) – Oversight Systems Inc., the leading provider of automated continuous monitoring solutions, will host a Web conference entitled, “Aligning GRC to Combat Fraud.” The webinar will be held Thursday, Nov. 15, at 1 p.m. EST, and will feature Gartner Research Vice President French Caldwell, and Oversight Systems CEO Patrick Taylor.
The one-hour conference will provide a guided tour of the governance, risk and compliance landscape, with practical information about emerging technologies, new regulatory guidelines, and rising corporate fraud.
“This is an area where things are happening very quickly, both in terms of regulatory developments as well as emerging technologies,” Taylor said. “For example, the SEC has issued a directive citing the inherent limitations of ICFR when it comes to preventing and detecting improper management override of controls. They have directed that companies be prepared to mitigate these limitations by designing safeguards into the process to reduce this risk.”
According to Taylor, webinar attendees will gain insight into how to respond to this directive. They will also learn:
· How to identify “key controls” based on risk, why it is important and how to effectively assess and prioritize risk areas.
· What new fraud control requirements are covered under Audit Standard 5 (AS 5) guidelines, and how to meet these requirements while controlling spiraling compliance costs.
· What types of GRC solutions are available to control fraud risk, and how to evaluate which solution is right for each company.
· How to generate a positive ROI from compliance.
To register for the webinar, go to www.oversightsystems.com/grc.
About Oversight Systems, Inc.Oversight Systems takes continuous controls monitoring to the next level, with real-time transaction integrity inspection for identifying fraud, misuse and errors. Oversight’s software provides a platform for continuous monitoring with powerful analytics that excel at finding problems, then raises the bar with an investigator’s workbench for cost-effectively fixing the problem, and workflow-enabled audit trail and journaling for proving problem resolution and compliance. By inspecting each step of individual transactions across all financial systems, Oversight identifies all errors and fraud, drives defects out of the process, and sustains Sarbanes-Oxley compliance. For more information, visit www.oversightsystems.com.
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