Continuous auditing.

• Position: Enhancements to the auditing software of Oversight Systems Inc. - Brief article

Oversight Systems Inc. has announced general availability of the 4.5 release of the company's continuous auditing software. Significant features of the new release include support for Windows Server 2003 and enhancements to the Oversight Workbench.

Oversight's Workbench supports the efficient evaluation and remediation of exceptions detected by the Collaborative Reasoning Engine (CoRE). The Workbench displays plain language descriptions of these potential problems, allowing users to drill down into the underlying transactional data to uncover and resolve every issue, from duplicate vendor information and invoices to likely fraud or misuse of funds.

The Workbench also includes automated workflow features that facilitate assignment of exceptions to the appropriate resources for efficient investigation and resolution; a Risk Profiler for creating and refining re-usable ad hoc queries that focus investigation and facilitate sophisticated data review; and a permanent investigative Log that automatically records all related activities, remediation and notes in a permanent journal.

With the 4.5 release, Workbench users can take advantage of a number of exception-handling...