LAWFUEL – ExpertSource: TOPIC: An annual study by Oversight System…

LAWFUEL – ExpertSource:

TOPIC: An annual study by Oversight Systems found approximately 75 percent of certified fraud examiners claimed institutional fraud is more common now than five years ago according to an article by Wall Street and Technology. Four out of five survey participants cited the pressure “to do whatever it takes to meet goals” as the most common reason for corporate fraud. July 2007 marks the fifth anniversary of the Sarbanes-Oxley Act, which was passed in 2002 in an effort to prevent and deter accounting scandals, such as those that occurred with Enron and WorldCom.

EXPERTS: ExpertSource can offer several highly qualified experts to comment on this story:

Patrick Taylor, CEO & Founder Oversight Systems, is recognized as a leader in the convergence of controls monitoring, information security and the implementation of technology to boost corporate governance. As CEO of Oversight Systems, Patrick is responsible for understanding customer needs for operational governance and making sure those needs are met in Oversight’s product development. Patrick recognized that most IT security and financial system controls focus on user access and role management but don’t address the need to understand the integrity of what people do in their authorized roles and activities. After speaking with executives from across the country, Patrick launched Oversight Systems to pioneer the concepts and technology for transaction integrity monitoring.

As a thought leader in continuous monitoring, Patrick has spoken at several compliance and audit industry conferences from organizations, such as the Institute of Internal Auditors and the Association of Certified Fraud Examiners. As a respected information security industry insider who served in various product management and strategic marketing roles with Internet Security Systems and Symantec, Patrick is a frequent speaker at conferences, such as RSA, Networld + Interop, Comdex, NetSec and the Goldman Sachs Information Technology Conference.

In addition to his previous experience with ISS and Symantec, Patrick worked in leading roles with ORACLE, Red Brick Systems, GO, Air2Web and Fast-Talk. Patrick has a Bachelor of Mechanical Engineering with honors from the Georgia Institute of Technology and a MBA from the Harvard Graduate School of Business Administration.

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Over the past 25 years, Joe D. Goodwin, of the Goodwin Group, has recruited and placed more than 300 directors on boards of public companies. He has also recruited and placed hundreds of executive-level managers and CEOs. Goodwin is a nationally-recognized expert in all areas of corporate governance, Sarbanes Oxley, compensation, director and executive search and selection, succession planning and related corporate governance issues.

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Laurence Valant, president and CEO of Valant & Company, works with CEOs and their management teams to improve company performance and profits. He has more than 30 years of expertise in helping good companies to become great companies, consistently meeting and exceeding their quarterly and yearly plans. Through the application of his proprietary 13-week commitment plan, Valant guides executive teams at medium and large corporations to predictable success in achieving greater revenue retention. Valant is also an expert on the effects of Sarbanes Oxley in the boardroom and the executive suite. Valant is the author of “5 Steps to Predictable Business Success (Or, how to get the elephants off the conference room table).”

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