Oversight Systems CEO Patrick Taylor to Address IIA
2008 International Conference
Taylor to Speak on "Continuous Transaction Auditing – Case Studies & Lessons Learned"
ATLANTA (July 8, 2008) – Oversight Systems, the leading provider of continuous transaction auditing solutions, today announced the company’s CEO Patrick Taylor, will address attendees at the Institute of Internal Auditors (IIA) 2008 International Conference to be held July 6-9 at the San Francisco Moscone Convention Center.
"Continuous transaction auditing is a key initiative for financial executives who are looking at diminishing returns with preventive internal controls," Taylor said. "Controls can’t prevent all forms of fraud, abuse and misuse. Continuous transaction auditing provides a mechanism to detect suspicious transactions in real-time and identifies control failures and management override of controls."
This has been proven out in practice with leading companies across a variety of industries, and attendees at Taylor’s session will have a chance to hear about actual Fortune 500 customer case studies, and the lessons learned, from the perspective of a leader in successful transaction auditing implementations.
In the session, Taylor will share customer experiences that illustrate:
- Common pitfalls to avoid
- Implementation factors
- Elements of a successful roll-out
- Considerations for ongoing operations management
Attendees will also gain insight into the challenges, advantages and best-practices for managing the evaluation and procurement process for a complex technology solution.
During the conference, Oversight Systems will also demonstrate its continuous transaction auditing software solution. 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.
Oversight Systems is also the sponsor of this year’s pre-conference golf tournament, to be held on Sunday, July 6, at the Chardonnay Golf Club in the Napa Valley Wine Country.
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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