Business Audit Platform CIC - Instrument of Internal Control

By Tributus Compliance Solutions Gmbh, PRNE
Monday, November 8, 2010

COLOGNE, Germany, November 9, 2010 - Tributus moves another step forward with release 2.0 of its Business
Audit Platform CIC. CIC is the very first real Business Audit Platform fully
dedicated to auditing, compliance requirements and exclusive financial data
access without impairing ongoing 'live' business transactions and ERP
applications, providing balance statements at the click of a button.

Early in 2003, the developers of Compliance Information Center wanted to
offer access to and the deployment of financial data from both legacy and
freshly migrated applications under just one roof. Tax and financial auditors
alike had complained of lengthy archive retrieval and, especially in the case
of shut down legacy systems, a battle with different deployment paradigms
that were often considered inefficient and cumbersome by the company's own
finance staff; a situation often compounded by IT's anxiety about possible
disruption of live operations.

Immediately after Eurosox took effect auditors refused to testify to the
correctness of financial statements unless provided with sufficient
documentation of business procedures. As a result this documentation was
included in the Business Audit Platform. The multilingual W3-based design
eases financial data access for distributed organisations, allowing local
auditing and headquarter-central data storage. Shutting down subsidiary
legacy systems containing data needed for i18N proved to be fairly trivial.

In addition to compliance with SOX, EUROSOX and various local tax laws,
CIC has proven to be an extremely productive tool of internal control and
financial data administration; it is currently used by major company groups
throughout Europe.

    Contact details:

    TRIBUTUS Compliance Solutions GmbH
    Mr. Knut Ludwiczak
    Siegburger Strasse 149-151
    50679 Köln


Contact details: TRIBUTUS Compliance Solutions GmbH, Mr. Knut Ludwiczak, +49(0)221-989-46-59, knut.ludwiczak at, Siegburger Strasse 149-151, 50679 Köln, Germany

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