Vendor Presentations

Company Name	Oversight Systems
Product(s)	Oversight Systems
Website	www.oversightsystems.com
Contact Name	Chris Rossie
Email	chris.rossie@oversightsystems.com
Phone	404-920-2030
Expo Presentation	Click here to download.
Company Bio	Oversight Systems was founded to ensure confidence in the integrity and accuracy of financial reporting and underlying transactions. As pioneers in information security and veterans of IT audit, we found it ironic that while over half of all financial losses due to computer incidents occur on the inside of companies, little progress has been made to address this problem over the last 20 years outside of forward-looking internal controls approaches. We wondered why Management, Boards, and Shareholders were forced to trust that authorized people were only performing authorized activities. We wondered why the Association of Certified Fraud Examiners (ACFE), KPMG, and Ernst & Young in separate fraud studies showed rising trends in the incidences of fraud. In interviews with nearly 100 public company CEOs and CFOs we learned of their challenges in balancing operational imperatives and efficiencies with the controls and safeguards necessary for good governance. We also learned of the challenges of achieving this while also complying with the new realities required by the Sarbanes-Oxley Act of 2002 (SOA). The Oversight Systems team is anchored by a team of people who helped to commercialize network and operating system security, who have secured the largest financial networks in the world, who have helped to audit some of the most sensitive and mission critical applications in the world, and who are writing the standards by which the PCAOB and the SEC are evaluating results. The Oversight team has revolutionized the way Management, Boards, Auditors, and Shareholders approach ongoing Sarbanes-Oxley compliance and the underlying costs and benefits. The Oversight Difference Our approach to ensuring integrity and accuracy in reporting and the underlying transactions is based on using new techniques to provide what amounts to a quality assurance framework for evaluating every transaction. By encapsulating the best practices and techniques of auditors, fraud examiners, and forensic accountants, Oversight is like having a staff of these professionals doing nothing but monitoring the integrity of transactions on a 7X24 basis. Oversight eliminates staffing levels, consistency, and turnover from consideration by automating "oversight" and delivering exceptions in an audience-appropriate format as necessary. Instead of elaborate forward-looking approaches to trying to prevent needles from getting into haystacks and then testing for needles by sticking hands into the stack to evaluate samples, Oversight automatically and continuously inspects each object in the stack to find not only the needles, but also the sharp piece of straw that can be as dangerous as needles. The Oversight Result At the end of the day, it's results that matter. And for Management, Boards, and Shareholders, there is only one acceptable result - 100% accuracy and integrity in financial reporting. Oversight delivers this result along with the confidence that Management must have when signing Section 302 and Section 404 assertions, and that Boards and Shareholders must have when reviewing financial results.