'Enterprise Risk Management for Basel II'
05 Outubro 2006 - 10:30AM
PR Newswire (US)
CALGARY, Alberta, Oct. 5 /PRNewswire-FirstCall/ -- Securac Corp.
("Securac") (OTC:SECU) (BULLETIN BOARD: SECU) an enterprise
governance, risk assessment and compliance software and services
vendor and provider of Acertus(TM), the leading integrated software
platform for governance, risk and compliance, has released a white
paper on Enterprise Risk Management for Basel II. The paper focuses
on good Enterprise Risk Governance. Successful, compliant and
effective governance requires an holistic, enterprise-wide and
top-down approach to managing all information including risk data.
It is essential that a governance, risk management and compliance
(GRC) framework be put together in such a way that management
derives maximum benefits. Compliance on its own is not enough. The
key requirement is that data must be integrated and that there be
"one view" of any situation. This does not mean the construction of
a single, complex repository of data with every risk, control or
event having a many-to-many relationship with all other data
elements. What is required is twofold: that data from lower level
information and risk systems be collated upwards to create a
repository of data for use by management; and that management sets
its objectives and strategic risks and that these be used to govern
the company and to set the tone, the high level criteria used to
manage the lower level systems. Securac's Acertus(TM) delivers this
infrastructure and is providing organizations with this capability.
To request a copy of the Securac whitepaper on Enterprise Risk
Management for Basel II, please email Securac at . "Regulations
come with masses of detailed requirements, but the underlying
purpose is to have well governed, risk-controlled companies that
provide shareholders and stakeholders with confidence in their
executive management," states Terry Allen, Chief Executive Officer,
Securac. "Lindsay Cox of Securac has captured the essence of key
issues corporations are dealing with today and provides insight
into areas of focus around the Basel II Accord." About Securac
Securac is a vendor of corporate governance, risk assessment and
compliance management software and services to corporate and public
enterprises, consultants and regulated organizations. Acertus(TM),
our integrated software platform for risk management and decision
support, along with our professional services team of
risk/governance experts and compliance specialists provide
comprehensive governance, risk assessment and compliance programs
from the boardroom to the operational level. Securac's principal
office is located in Calgary, Alberta and it maintains a sales
presence throughout North America. Statements in this Press Release
that are not statements of historical fact, including statements
regarding potential market size, constitute "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995. These forward-looking statements involve risk
and uncertainties which may cause the actual results, performance
or achievements of the Company, or industry results, to be
materially different from any future results, performance, or
achievements expressed or implied by such forward-looking
statements. Such risks and uncertainties include but are not
limited to changing market conditions, the successful and timely
completion of financing, the establishment of corporate alliances,
the impact of competitive products and pricing, new product
development and uncertainties related to the regulatory
environment. Reference is made to the Company's Annual Report on
Form 10-KSB for the year ended December 31, 2005 for a description
of these, as well as other, risks and uncertainties. Terry W. Allen
Chief Executive Officer Securac Corp. Tel: 403-225-0403 DATASOURCE:
Securac Corp. CONTACT: Terry W. Allen, Chief Executive Officer of
Securac Corp., +1-403-225-0403,
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