New Vast Talent White Paper Helps Jump Start Compliance with China’s Basic Standard for Enterprise Internal Control
Vast Talent today announced that it has launched a new white paper to help companies in China start complying with the Basic Standard for Enterprise Internal Control. The white paper, Getting a Head Start on Your C-SOX Compliance Process, can be downloaded from Vast Talent’s website free of charge.
Beijing, China, June 04, 2009 --(PR.com)-- Vast Talent, specialized provider of compliance and performance management systems in China, today announced that it has launched a new white paper to help companies in China start complying with the Basic Standard for Enterprise Internal Control. The white paper, Getting a Head Start on Your C-SOX Compliance Process, can be downloaded from Vast Talent’s website free of charge.
This regulation, which was sponsored by the Ministry of Finance, China Securities Regulatory Commission, the National Audit Office, China Banking Regulatory Commission and China Insurance Regulatory Commission, is intended to increase the effectiveness of internal controls in listed Chinese companies, thus reducing risks for companies and their stakeholders.
The Basic Standard for Enterprise Internal Control (also known as “China SOX” or “C-SOX”) requires Chinese companies to conduct self-evaluations of their internal controls, publish an evaluation report on an annual basis and hire qualified agencies to audit the effectiveness of their internal controls. The Basic Standard will apply to thousands of private and state-owned companies in China.
Alex Raymond, Founder and CEO of Vast Talent, commented: “For many companies in China, this is the first time they are rolling our enterprise-wide risk management and compliance systems. Our solution was built to help them do this easily and cheaply. Our new white paper is a guide for how to get a head start on the C-SOX compliance process and stay ahead of the pack.”
To download your copy of Getting a Head Start on Your C-SOX Compliance Process, please visit http://www.vast-talent.com/en/compliance_solution_for_china_basic_standard_for_enterprise_internal_control_csox.html
About Vast Talent (www.vast-talent.com)
Vast Talent helps companies become more competitive by closing their skills gaps.
Vast Talent combines world-class products and international best practice with the local support and services that companies in China require. Vast Talent’s solutions include software tools for compliance and performance management, a large library of online compliance, finance, safety and IT courses and tools for testing and assessment.
Vast Talent was founded in 2008 and has offices in Hong Kong and Beijing.
contact@vast-talent.com
+86 10 5920 8395
+852 8175 7500
www.vast-talent.com
###
This regulation, which was sponsored by the Ministry of Finance, China Securities Regulatory Commission, the National Audit Office, China Banking Regulatory Commission and China Insurance Regulatory Commission, is intended to increase the effectiveness of internal controls in listed Chinese companies, thus reducing risks for companies and their stakeholders.
The Basic Standard for Enterprise Internal Control (also known as “China SOX” or “C-SOX”) requires Chinese companies to conduct self-evaluations of their internal controls, publish an evaluation report on an annual basis and hire qualified agencies to audit the effectiveness of their internal controls. The Basic Standard will apply to thousands of private and state-owned companies in China.
Alex Raymond, Founder and CEO of Vast Talent, commented: “For many companies in China, this is the first time they are rolling our enterprise-wide risk management and compliance systems. Our solution was built to help them do this easily and cheaply. Our new white paper is a guide for how to get a head start on the C-SOX compliance process and stay ahead of the pack.”
To download your copy of Getting a Head Start on Your C-SOX Compliance Process, please visit http://www.vast-talent.com/en/compliance_solution_for_china_basic_standard_for_enterprise_internal_control_csox.html
About Vast Talent (www.vast-talent.com)
Vast Talent helps companies become more competitive by closing their skills gaps.
Vast Talent combines world-class products and international best practice with the local support and services that companies in China require. Vast Talent’s solutions include software tools for compliance and performance management, a large library of online compliance, finance, safety and IT courses and tools for testing and assessment.
Vast Talent was founded in 2008 and has offices in Hong Kong and Beijing.
contact@vast-talent.com
+86 10 5920 8395
+852 8175 7500
www.vast-talent.com
###
Contact
Vast Talent Development Ltd
Pan Bing
+86 10 5920 8395
www.vast-talent.com
Pan Bing
+86 10 5920 8395
www.vast-talent.com
Contact
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