Acumen Solutions to Help Companies Comply with Sarbanes-Oxley Act; Independent Services Ensure Key Documentation and Process Controls Meet Government Requirements.Business Editors/High-Tech Writers VIENNA, Va.--(BUSINESS WIRE)--Sept. 8, 2003 Acumen Solutions, Inc., a leading management and technology consulting firm Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a based in Vienna, Va., today announced new service offerings that will help publicly traded companies publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. , as well as privately held firms, seek compliance with Sarbanes-Oxley Act See SOX. requirements. The Sarbanes-Oxley Act is a U.S. Government mandate designed to enforce corporate accountability and restore investor confidence in public companies. Most public companies will be required to comply with Sarbanes-Oxley Act requirements starting June 15, 2004. Experts estimate that companies will spend up to $2.5 billion to fulfill the terms of the act (Source: AMR (1) (Adaptive Multi-Rate) A variable rate speech codec selected by the 3GPP for the 3G evolution of the GSM cellphone system (WCDMA). Using the Algebraic CELP (ACELP) compression technology, AMR provides toll quality sound at transmission rates from 4.75 to 12. Research). Acumen Solutions' new services are focused on facilitating compliance with Section 404 of the Sarbanes-Oxley Act. This section dictates that top-level management must annually attest to the effectiveness of the internal controls that directly influence their company's final financial reports. Acumen Solutions' methodology identifies the material internal processes that could have an impact on the firm's financial condition and then performs risk analysis on each process. A company's processes are documented and all controls are tested, after which Acumen Solutions provides a full assessment report for the company. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Acumen Solutions President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , David Joubran, the company is well-positioned to help firms meet the Sarbanes-Oxley Act requirements. "Acumen Solutions has extensive experience in vital Sarbanes-Oxley compliance functions, including business operational process analysis and documentation, testing and dashboard construction," said Joubran. "Additionally, as an independent third-party, Acumen Solutions has the ability to partner with external auditors. Not only does this eliminate potential conflicts of interest in the audit process, but it helps our clients contain long-term compliance costs." About Acumen Solutions Acumen Solutions, Inc., a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. based in Vienna, Va., is a leading management and technology consulting firm that uses a focused, results-oriented approach to develop client-specific solutions. Our team drives our clients' success by blending broad management consulting Noun 1. management consulting - a service industry that provides advice to those in charge of running a business service industry - an industry that provides services rather than tangible objects experience with vertical-market expertise in communications and media, financial services and managed services. We help our clients increase revenue and decrease costs to gain a competitive advantage. For more information, visit www.acumensolutions.com. |
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