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Oversight Systems Silver Sponsor of MIS Training Institute’s 6th Annual Summit on Auditing and Governance

CEO Patrick Taylor to Speak on Panel Addressing
 “Corporate Governance Products and Services: What Is Next?”

ATLANTA (November 6, 2007) – Oversight Systems, the leading provider of automated continuous monitoring solutions, today announced that it is pleased to be a Silver Sponsor of the MIS Training Institute’s 6^th Annual Summit on Auditing and Governance, being held in New York City Dec. 3-4, 2007. This event is a practitioner’s guide to implementing and refining risk-based governance, and features the latest analysis of PCAOB pronouncements from leading experts, as well as updates on the most pressing concerns in corporate governance today.

Oversight Systems CEO Patrick Taylor will participate in one such update, sitting on a panel that will explore the topic, “Corporate Governance Products and Services: What Is Next?” This session will look at the ways in which corporate governance and auditing technologies, such as Oversight Systems’ continuous transaction monitoring, will enable companies to comply in less time, for less money. For example, these solutions can identify and address risks earlier in the process, when they are less costly to remediate. The panel will also discuss the under-utilization of technology and services – where companies miss opportunities to automate – and the probable costs in terms of overhead, accuracy and exposure to error, misuse and fraud.

During the summit, Oversight Systems will also demonstrate its leading software solution for continuous monitoring of financial processes, with real-time transaction inspection to identify and reduce errors, control exceptions and eliminate fraud. By automating the testing and analysis of auditors and fraud examiners against every transaction across multiple financial systems, Oversight ensures the quality of financial processes as it reports on the effectiveness of internal control systems.

Benefits of Real-Time Transaction Monitoring

·         Analyze transactions across multiple financial systems and various technology platforms

·         Ensure financial process accuracy by inspecting for quality at every transaction

·         Eliminate the need for recovery auditors with real-time detection of payment errors

·         Address fraudulent financial reporting risk by inspecting General Ledger postings for unusual and suspicious entries.  

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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