Pleasant Grove, UT (PRWEB) April 7, 2004 -
Net Endeavor, a leading provider of assessment technology, announced today that Federal Signal Corporation (NYSE:FSS) has chosen CertiSphereÂ-SOX to assess the effectiveness of their internal controls worldwide.
"IÂd like to welcome Federal Signal as a customer" said Jeff Hunt, Vice President of Global Sales & Marketing at Net Endeavor. "IÂm delighted that Federal Signal has chosen CertiSphereÂ-SOX after having examined several leading Sarbanes-Oxley products.Â
Richard L. Ritz, Vice President & Controller of Federal Signal, stated, ÂWe continue to be very impressed with the robust, yet simple to use, features of the CertiSphereÂ-SOX system. We believe that this tool will provide us with an assessment tool that is much more efficient than others we considered. As a hosted application, CertiSphereÂ-SOX has been easy to deploy in our decentralized company.Â
Sarbanes Oxley Section 404 requires Chief Financial Officers and Chief Executive Officers to certify that their internal controls are sufficient to assure the integrity of their financial reporting. Sarbanes-Oxley mandates that a companyÂs independent auditor attest to managementÂs assertion concerning their internal controls. For most businesses, Sarbanes-Oxley necessitates a significant effort in risk assessment, identification/documentation of processes and controls and testing and remediation for every business line, division and/or location. Internal testing must be conducted prior to auditor testing to ensure an unconditional assessment of audited financial statements and the certifying executives must have reasonable personal knowledge of the assessment and have substantiating evidence to back the internal controls attestation.
About Net Endeavor, Inc.Â:
Headquartered in Pleasant Grove, Utah, Net Endeavor is a privately held technology company that provides assessment software and services in a wide variety of areas including Sarbanes-Oxley compliance. Net Endeavor provides its software and services directly as well as through select Value Added Resellers (VARs). CertiSphereÂ-SOX delivers a completely independent internal controls assessment solution at a fraction of the cost of other packages. All of Net EndeavorÂs CertiSphere solutions are web-based and delivered as hosted subscription services over secured internet and thus require no costly investment in infrastructure and implementation.
Vice President, Global Sales & Marketing
877.796.5582 (Toll Free)
About Federal Signal, a Fortune 1000 company:
Federal Signal Corporation is a global manufacturer of leading niche products in four operating groups: environmental vehicles and related products, fire rescue vehicles, safety and signaling products, and consumable industrial tooling. The company is based in Oak Brook, Illinois.
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