|

This product is being developed
by Resource
Logistics, Inc. and will be marketed to medium sized
corporations. This product will enable companies to assess the
control issues within the company. There have been some
control lapses in the past in U.S. corporations and all
companies find it necessary to install adequate controls in
their processes, such that there are no breakdowns in
processes.
Risks can be divided into
various categories:
Operational Risk
Reputational Risk
Market Risk
Credit Risk
The product being developed
will enable
corporations to assess risks that could relate to any of the
above categories. Companies, through this product, would be
able to document risks and controls and also, tests relating
to the risks. The results of the testing would also be entered
into the tool. As a result of this, companies could assess
control issues upfront and would be in a position to evaluate
the issues and remediation plans. Such self-assessment issues
would be identified and evaluated before internal or external
auditors would identify them.
Through this product, managers
would be
able to identify controls in their operations and senior
management would be able to run reports off of the system that
would enable them to review the controls and identify issues,
if any.
Also, external and internal
auditors
could be granted access to this product, so that they could
ensure that controls in relation to various processes have
been adequately identified and tested. Further, if
management has already identified and raised issues, it may
preclude auditors from raising the same issues again.
For
sales contact:
Sales Department
Resource Logistics, Inc.
1100 Green Street
Iselin, NJ 08830
Tel: (732) 553-0566
Fax: (732) 553-0568
Or email: sales@resource-logistics.com
|