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Press release:

Gift to Help Safeguard Retirement Investments

Issued by: Audit Integrity

Date: Jan. 16, 2004

Audit Integrity, a leader in statistical accounting and governance analysis, will donate lifetime subscriptions to its state-of-the-art service to all U.S. public pension funds, it was announced today by Audit Integrity chairman and CEO James A. Kaplan at the 2004 Public Funds Summit held in Phoenix, Arizona.

"For many Americans, the rash of corporate malfeasance of the past several years has irrevocably undermined their financial security, and delayed or denied plans for retirement," said Kaplan.  "The ability to identify companies with aggressive accounting and governance practices is a crucial aspect of portfolio management and can help prevent significant losses.  We are pleased to provide Audit Integrity's service free of charge to those entrusted with safeguarding this nation's public pension investments."

Audit Integrity rapidly and objectively evaluates the accounting and governance practices of U.S. companies subject to the requirements of the Sarbanes-Oxley Act of 2002.  The firm uses publicly available financial data since 1Q 1989 to produce fact-based, statistical analyses of all 10,000+ publicly listed companies.  To develop the service, Audit Integrity catalogued and processed more than one trillion data points of information, including corporate filings to the SEC (as well as all filing footnotes), SEC litigation and regulations releases, press releases and other publicly available corporate documents.

Institutional subscribers to Audit Integrity's service have unlimited online access to all companies in the Audit Integrity system via the firm's full-service http://www.auditintegrity.net client site.  Audit Integrity's comprehensive Accounting and Governance Ranking [AGR] reports provide real-time market data intelligence to effectively target risk, and enable swift, accurate decisions to add, hold or reduce positions in a portfolio.

Representatives of public pension funds may contact register@auditintegrity.com, to inquire about Audit Integrity or register for service.  The one-time offer for complementary service is good through March 15, 2004.

About Audit Integrity

Audit Integrity is an independent, institutional-grade financial analytics service that provides companies with quarterly accounting and governance reports to assess the accuracy of their financial disclosures.  Audit Integrity's reports are based on a cutting-edge data collection and analytics engine, which uses publicly available financial data since 1989 to yield over 7,000 benchmark metrics per company, per quarter to help its corporate and institutional clients identify and diagnose accounting irregularities, as well as evaluate a firm's financial and governance practices.  While Audit Integrity does not detect fraud, the service ensures transparency in financial disclosures and advances the standards for reporting corporate performance. Based in Los Angeles, Audit Integrity was founded by James Kaplan in 2002. For more information about the company, please visit http://www.auditintegrity.com.

View More Press Releases by Audit Integrity

This is a press release issued by the company named above. BenefitsLink is not the author. Use of any information obtained from this release is voluntary, and reliance on it should only be undertaken after an independent review of its accuracy, completeness, efficacy, and timeliness. Reference to any specific commercial product, process, or service by trade name, trademark, service mark, manufacturer, or otherwise does not constitute or imply endorsement, recommendation, or favoring by BenefitsLink.

 
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