The leader in controls intelligence software, Approva® Corporation (www.approva.net ), today vthat Protiviti Inc. (www.protiviti.com ) has licensed the company’s flagship product Approva BizRights™ platform and related applications for Oracle E-Business Suite and PeopleSoft HR & Financials. The worldwide risk and internal audit consulting company will use Approva to support its internal audit, business and technology risk consulting services. Protiviti, under the terms of the license agreement, is able to install and run Approva BizRights within client business systems in conjunction with point-in-time control assessments.

Protiviti provides consulting and advisory services to help clients identify, measure, assess and manage financial, operational and technology-related risks, including the implementation of processes that enable continuous controls monitoring. A full spectrum of internal audit services to advise and supplement their clients’ internal audit functions is also offered by Protiviti.

Mark Nelson, managing director in Protiviti’s Enterprise Application Solutions practice said: “The addition of Approva’s controls monitoring and audit capabilities will enable us to effectively analyze controls within Oracle and PeopleSoft applications, while expanding the scope and services we provide to our clients”. “With our increasing customer base, we need a technology that we can rely on for controls assessment. We licensed the BizRights software for its ability to accurately discern true compliance issues from false positives and negatives, which is key to any successful audit process.”

Prashanth “PV” Boccasam, Chairman and CEO, Approva Corporation said: “We are proud to add Protiviti to our growing list of independent consulting firms”. “Three of the five largest risk consulting and audit and advisory firms have now standardized on our products to enhance the services they provide to their clients. Approva’s CCM platform enables Protiviti and its customers to validate and monitor enterprise-wide controls with a single controls intelligence platform, sharing a uniformed, standardized approach to assessing the effectiveness of their controls.”