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Risk Management News


Original editor for Send2Press: Christopher L. Simmons

Securance Consulting, LLC Wins Major Contract With Fortune 500 Company To Support Sarbanes-Oxley Compliance Initiatives

Tampa, FL - April 26, 2004 /Send2Press Newswire/-- Paul Ashe, President and Senior Consultant of Securance Consulting, LLC (, announced today that his firm has been awarded an exclusive contract by a Fortune 500 company in the defense industry to help them meet strict compliance standards under the Sarbanes-Oxley Act.

"This contract represents our client's belief in the quantifiable value we are providing and their reliance on our technology risk management consultants," Ashe says about their client's confidence in Securance.

Under the terms of the 15,000 man-hour contract, Securance will provide strategic guidance and deploy a team of 25 highly-experienced IT audit consultants to assist with the documentation and testing of system internal controls. Anticipated completion date for the project is June 30, 2004.

Securance Consulting is a professional services firm delivering independent, full-service IT and internal audit services, specializing in the niche market of technology risk consulting. The 3-year-old company is headquartered in Tampa, Florida and serves the Continental U.S.A.

Securance is staffed by audit consultants who have diverse backgrounds within the audit and information technology fields. They average 10-12 years of experience and hold certifications such as CPA, CIA, CISA, CISSP and BCP.

The company serves several major industries within a broad range of sectors, including automotive, communications, consumer products, defense, energy and utilities, entertainment and media, financial services, and government to name only a few.

The Sarbanes-Oxley Act (2002), named for the two Congressmen who sponsored it, was passed in response to accounting scandals surrounding Enron and other companies. It was intended to restore the public's faith in corporate governance.

According to the Act, chief executives of publicly traded companies must personally validate financial statements and other information. Although the Act doesn't directly mandate inspection of internal controls, data cannot be verified if systems aren't secure, therefore requiring the expertise of companies like Securance Consulting.

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