CBA Management Partners with Questionmark to Provide Sarbanes-Oxley Compliance Solution

For Immediate Release

CBA Management Partners with Questionmark to Provide Sarbanes-Oxley Compliance Solution
 

Stamford, CT and New York, NY –November 12, 2003 – Business audit and risk management specialists CBA Management will use Questionmark™ Perception™ testing and assessment software to help businesses comply with the new Sarbanes-Oxley regulations.

Perception is the key technology platform behind an integrated internal control and risk management solution, IC-QUEST, which provides online assessment metrics for grading and evaluating the existing level of companies’ internal control. This turnkey solution is designed to help firms comply with the new regulations covered by Sections 302 (Disclosure Controls and Procedures) and 404 (Internal Control over Financial Reporting).

IC-QUEST offers:

• Nine questionnaires on business processes
• More than 1000 “closed” questions, with related risk and risk responses portfolio
• Key references for multi-purpose reports
• Real-time assessment and reports to top management
• Consolidation of results at group level, with drill-down capability
• User-friendly interface and administration
• Dynamic monitoring on a continuous improvement scheme

“Given the urgency of Sarbanes-Oxley compliance, it was crucial to publish internal control questionnaires online quickly, easily and effectively” said Patrick Cadoret-Manier, Director for CBA Management (America).

“Questionmark Perception provides the scalability and reliability we need to deploy our business audit, internal control and risk management solutions,” added Jean-Jacques Quang, CBA Management Partner. “With it, we can rapidly bring to market an innovative product for large multinational corporations that require real-time monitoring and analysis of Internal Control, while providing shared resources to reinforce existing procedures."

“The Sarbanes-Oxley compliance process generally takes about six months, so this alliance comes at just the right time to help firms meet the compliance deadline in the spring of 2004,” commented Questionmark President Eric Shepherd. “We are excited about working with CBA Management, whose extensive experience with internal audits makes them well-suited to help companies ensure compliance.”

About CBA Management and IC-QUEST:
CBA Management focuses on three core activities:

1. Accompanying multinationals in their general audit missions, with a flexible organizational mindset of increasing resources and sharing of competencies and know-how.
2. Assisting large corporations in the deployment of their financial and administrative organizations (implementing financial management tools, reporting and procedures as well as providing interim services on specifics issues).
3. Developing technology and methodology solutions addressing the specific requirements of internal control and Enterprise Risk Management."

CBA Management has offices in the US and in Europe. The company’s website is at http://www.cbamanagement.com/

IC-QUEST is a software application developed by CBA Management, dedicated to the deployment of a performing internal control system. Complete details about IC-QUEST are available at http://www.ic-quest.com/

About Questionmark:
Questionmark has some 1,800 customers at corporations, colleges, universities and government agencies in more than 50 countries. The company has been producing testing and assessment software since 1988, enabling educators and trainers to write, administer, and report on tests and surveys securely using individual PCs, local networks, the Internet, and intranets. Questionmark Perception users can categorize their question banks into topics and sub-topics from which to assemble tests and surveys. They can shuffle questions and answers for each participant and preview assessments to see how they will appear post-deployment. They can present questions with videos, graphics and a wide variety of styles. Participants receive feedback as specified by the author. Answers are saved to an encrypted file for scoring and analysis in a variety of report formats.

Typical applications of Perception include exams, quizzes, study aids, diagnostic tests, pre-course skills assessments, and course evaluations. Questionmark has offices in the United States, England, and Belgium, with distributors worldwide. Call 800-863-3950 or visit http://www.questionmark.com for more information.

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