IIA Highlights Need for Transaction Integrity Monitoring at Aug. 16-18 Conference
ATLANTA, GA (PRWEB) August 6, 2004 -- The Institute of Internal Auditors will emphasize the developing practice of transaction integrity monitoring at its Emerging Trends and Leading Practices conference Aug. 16-18 in Palm Beach, Fla.
Oversight Technologies CEO Patrick Taylor Oversight Technologies will lead a conference session on the subject Aug. 18 at 11:20 a.m.
Taylors presentation entitled Transaction Integrity Monitoring: the Last Line of Defense will highlight the need to independently verify the compliance of each transaction. The session will explore how continuous monitoring solutions can automate the same tests and high level of scrutiny that internal auditors or fraud examiners manually employ.
In the past, internal auditors relied on sample-based audits and manual testing procedures to identify payment errors and financial transactions that circumvent controls," Taylor said. However, the increasing rise of automated financial transactions and the dependence upon controls within financial systems demands a new approach for internal auditors to assess the integrity of every transaction."
In March, Oversight Technologies introduced the industrys first transaction integrity monitoring system. Oversights customers include members of the Fortune 500 who rely upon Oversights patent-pending solutions to monitor their enterprise financial systems to detect, prevent and deter financial loss from systems-based errors, misuse and misconduct.
About Oversight Technologies, Inc.
Atlanta-based Oversight Technologies pioneered the concept and technologies of Transaction Integrity Monitoring with its real-time solutions that analyze the activities of users in automated business applications. Oversight detects, prevents and deters financial loss from systems-based fraud, misuse and errors by evaluating transactions across multiple business applications in real time. With a team of seasoned executives from information security, fraud examination, business intelligence and financial systems integration, Oversight Technologies designs its solutions to combine the benefits of a systems auditor, fraud examiner, forensics auditor and an information security specialist on duty 24x7 to ensure accuracy and integrity in business transactions.
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