SOX News

Oversight Systems to Host Feb. 27th Web Conference: 2008 Fraud Control & Compliance Risk Update

Oversight Systems to Host Feb. 27th Web Conference:

2008 Fraud Control & Compliance Risk Update

Oversight Systems CEO Patrick Taylor to Present on Latest GRC Developments

ATLANTA (February 22, 2008) – Oversight Systems Inc., the leading provider of automated continuous monitoring solutions, will present the 2008 Fraud Control & Compliance Risk Update in an open-enrollment web conference to be held Wednesday, Feb. 27^th, at 1:00 p.m. (EST). The conference will feature Oversight Systems CEO Patrick Taylor, who recently presented on the topic at the Association of Certified Fraud Examiners (ACFE) conference in Houston, Texas.

The 1-hour conference will review the compliance and fraud control developments of 2007, and will provide insight into the implications for corporate risk management in 2008.

“2007 was the fifth anniversary of SOX, yet we saw rising incidents of corporate fraud continuing to make headlines,” Taylor said. “At the same time, the PCAOB issued its new Audit Standard 5 guidance, which emphasizes a risk-based compliance approach, and the SEC issued a directive to design safeguards into GRC processes in order to reduce improper management overrides. The fraud focus is unmistakable, and driven by the emerging realities of a risk management failure in the design of previous compliance guidelines. We will look at how companies can embrace these new, more realistic guidelines and harness advanced analytics and remediation technologies to transform the ‘SOX compliance tax’ into a business investment with a bottom-line ROI.”

According to Taylor, Webinar attendees will gain:

·         A better understanding of the key compliance risks that corporations face today

·         Knowledge about how to effectively leverage technology in addressing the risk of fraud

·         Guidance on the key considerations in designing an effective fraud monitoring system

·         Insight into the rise in corporate fraud* since the implementation of SOX

·         A clear picture of the economics of risk management and fraud control in today’s organizations

To register for the webinar, go to www.oversightsystems.com/fraud2008.

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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