Industry’s First Fully Web-Enabled Audit Management Solution

Cokato, MN – February 14, 2005 – Paisley Consulting, a leading provider of business accountability software, announces immediate availability of a J2EE™ based AutoAudit^®. The new version of the leading audit management solution can run independently or integrated with Risk Navigator™ as part of The Paisley Solution. AutoAudit is the first fully web-enabled audit management solution that provides both online and off-line capability through a rich client.

“We are excited to offer our customers the next generation of audit management software,” said Tim Welu, President and CEO of Paisley Consulting. “The truly revolutionary concept that we are supporting with this release is an integrated platform for compliance, internal audit and risk management. The combined solution of Risk Navigator and AutoAudit on a shared architecture allows audit departments to actively monitor the activities of business and compliance users. This creates an environment for continuous audit.”

By re-architecting the application to the Java Platform, AutoAudit is designed to be compliant with most web standards and can be integrated easily with today’s complex IT infrastructures. Integrated with Risk Navigator, as The Paisley Solution, the products share the same database, common forms and fields as well as reporting tables and tools. Key standalone functionality within AutoAudit includes risk assessment, resource planning, audit management, work papers and testing, and issue tracking.

About AutoAudit^®:
AutoAudit is comprehensive, fully integrated audit automation systems that lets audit departments complete all of their work in a single database. With modules for risk assessment, planning, scheduling, work papers, reporting, issue tracking, time and expenses, quality assurance and personnel records, AutoAudit is the most complete way to update an audit department.

About Paisley Consulting:
Paisley Consulting, the leader in business accountability, provides focused solutions on corporate assurance, internal auditing, risk management and compliance. The company’s key software offerings include The Paisley Solution, Risk Navigator™, CARD^®map, Focus Control Assurance Software^®, and AutoAudit^®. Services include Collaborative Assurance & Risk Design™ training, Sarbanes-Oxley compliance training courses, and operational risk management training and consulting. With global customers in diverse markets, over 30 percent of the Fortune^® 100 companies have chosen to work with Paisley Consulting to meet their business accountability needs. For more information, call 320.286.5870, Email sales@paisleyconsulting.com or visit www.paisleyconsulting.com.