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Thursday, April 27, 2006

Oversight Systems to Address Institute of Internal Auditors May 1

Co-Founder Chris Rossie to Discuss Closed-Loop Controls for Segregation of Duties

ATLANTA (April 26, 2006) - Oversight Systems Inc., the leading provider of independent, continuous monitoring solutions for real-time transaction inspection, today announced that co-founder and Vice President of Business Development Chris Rossie will present at the New Jersey Chapter of the Institute of Internal Auditors annual Internal Audit Software Expo.

Rossie is scheduled to speak Monday, May 1, at 2 p.m. on the topic "Segregation of Duties in the Real World: Closed-Loop Controls for Sarbanes-Oxley Compliance." Oversight Systems will also exhibit at the conference, which runs May 1 and 2 in Fairfield, N.J.

Designed for compliance executives and audit directors looking to optimize their controls and ensure efficient defect-free financial processes, Rossie’s presentation will cite case studies and best practices that demonstrate how companies can apply continuous monitoring software solutions to:

* Identify segregation of duties conflicts
* Recognize actual control violations corresponding to those conflicts
* Prioritize controls conflicts based on risk and dollar value of the violations
* Automate a mitigating control for SoD conflicts that cannot be eliminated.

"Real world business processes demand a risk-based approach to segregation of duties," Rossie said. "Finding a control conflict is just the beginning. Rather than redeploying an ERP system to eliminate low risk SoD conflicts, compliance executives and audit directors are now realizing the benefit of combining preventive controls with automated, mitigating controls."

posted by Brian Moran @ 8:41 AM   0 comments

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