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Oversight Systems CEO Patrick Taylor to Address IIA 2008 General Audit Management Conference

Oversight Systems CEO Patrick Taylor to Address IIA 2008 General Audit Management Conference

Taylor to Speak on “Increasing Forensics in the Audit”

ATLANTA (February 22, 2008) – Oversight Systems, the leading provider of automated continuous monitoring solutions, today announced that company CEO Patrick Taylor has been invited to speak to attendees at the Institute of Internal Auditors (IIA) 2008 General Audit Management Conference, to be held March 17th – 19th at the Red Rock Casino, Resort, and Spa in Las Vegas, Nevada. This is the IIA’s signature conference for chief audit executives and directors, audit committee and board members, and financial and executive management. Attendees are invited to discuss the most critical issues facing audit management and gain new insights from industry experts such as Taylor, who will address attendees on “Increasing Forensics in the Audit”.

“As auditing guidance shifts to a more risk-based approach, companies have the opportunity to shift their focus from simply managing checklists to identifying, resolving and preventing real problems,” said Taylor. “To effectively accomplish this, companies need to implement forensic elements into their internal auditing processes. While there are several hurdles to this process – including the inevitability of exceptions, lack of in-house expertise, and heterogeneous systems without standard analytic procedures – there are also a number of best practices to solve these issues.”

Taylor will advise companies on how to evaluate the following key elements when considering specific programs or solutions for forensic auditing:

• Pervasive Architecture
• Persistent and Advanced Data Analytics
• Program Management: Case Management and Compliance Work Flow
• Performance: Enterprise Dashboard
• Policies for Reporting and Compliance Evidence

During the conference, Oversight Systems will also demonstrate its leading Continuous Transaction Analytics software solution for automated forensic auditing of financial processes. The solution delivers real-time transaction inspection to detect and prevent fraud and control exceptions, and reduce errors. 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.

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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