SOX News

Teligistics Gets Favorable Sarbanes-Oxley Audit Certification

(Feb 13, 2008)-- "This certification was achieved as a result of a very thorough and precise examination over a six-month period of our processes, controls and security of the data we handle for clients." stated David Roberts, CEO on receiving favorable Sarbanes-Oxley audit certification.

 "This favorable audit certification continues to position Teligistics as the leader in Telecom Expense Management applications, as the majority of providers in our industry do not have the levels of controls established to pass the Type II audit." added Roberts.

Outsourcing organizations which process and handle sensitive financial data for clients should demonstrate that they have adequate controls and safeguards for handling critical data. This is especially significant in the Telecom Expense Management industry as processes and controls are critical as they impact clients' financial statements through accounts payable and Information Technology (IT) functions.

This in-depth and detailed evaluation of Teligistics' processes, security and controls performed by an independent auditor provides assurance to Teligistics' clients that their information and data is being handled with the highest level of security and with controls approved by the American Institute of Certified Public Accountants (AICPA). Teligistics' clients can use this SAS 70 audit as proof of their own compliance with Sarbanes-Oxley's Section 404 requiring management's annual assertion of effective internal controls over financial reporting.

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