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 takes continuous monitoring to the next level by combining an audit data warehouse, advanced analytics and workflow into a single, integrated, application. By inspecting each step of individual transactions across systems, Oversight identifies errors, control violations and fraud to drive higher levels of performance and compliance. Oversight's platform automates the entire life cycle finding problems in business processes, fixing those problems and proving the problems were resolved. Oversight is the solution of choice for those CFO's, CIO's and CISO's serious about compliance and enhancing their financial performance. For more information, visit www.oversightsystems.com.
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