Atlanta (PRWEB) June 14, 2006 –
Oversight Systems Inc., the leading provider of continuous monitoring solutions, today announced that CEO Patrick Taylor will present a case study detailing how risk-based management of segregation of duties can dramatically reduce compliance costs. Taylor will speak at the ISACA Compliance Conference at New York’s Javits Convention Center.
Taylor’s 90-minute presentation entitled “Segregation of Duties in the Real World” will be held Tuesday, June 27 at 3:30 p.m. The Information Systems Audit and Control Association’s Compliance Conference is part of Compliance World, a new event at the C3 Expo. The conference runs June 27 through June 29.
"As auditors increase their scrutiny of segregation of duties within financial processes for SOX 404 compliance, compliance spending continues to grow for many companies," Taylor said. "Instead of burning through 1000s of man hours to reconfigure their ERP systems for SoDs, companies should adopt a risk-based approach that prioritizes the greatest threats to financial integrity and automates the prevention and detection of all SoD violations."
Last month Oversight Systems launched Oversight 4.0, a continuous monitoring platform with real-time transaction inspection that drives the compliance and operational improvement life cycle by enabling companies to:
- Identify and correct errors as they occur in a process
- Automate the prevention of SoD violations in Accounts Payable, Accounts Receivable, and General Ledger processes
- Continuously monitor and analyze business processes for SoD events, and
- Evaluate overall process conformance to contract terms and business policies.
About Oversight Systems
Oversight takes continuous controls monitoring to the next level by combining controls testing with a real-time transaction inspection to identify the problems in a business process. Oversight’s platform automates the entire life cycle of finding problems in business processes, fixing those problems and proving the problems were resolved. By inspecting each step of individual transactions across systems, Oversight identifies all errors and control violations, drives defect-free processes and sustains Sarbanes-Oxley compliance at reduced costs. For more information, visit http://www.oversightsystems.com.