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. 27th, 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 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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