1.28.2008 - 04:30pm ET

(CSRwire) HOUSTON, TX and PHOENIX, AZ - January 23, 2008 - UHY Advisors Technology Assurance & Advisory Services Group has been named to the Leadership Council of The Open Compliance and Ethics Group (OCEG), the only nonprofit organization offering comprehensive guidance, standards, benchmarks and tools for integrating governance, risk management, internal control and compliance (GRC) processes. Practice Leader Norman Comstock, a Managing Director with the firm, will serve as the firm's primary representative to the Council.

One of the Leadership Council's primary responsibilities will be collaborating with the industry for the OCEG Framework 2.0 (Red Book), an update to the 2005 version, which is the only publicly vetted model for integrated governance, risk management, compliance and ethics management (GRC). The current model has been recognized in academic journals, the Wall Street Journal, Business Finance, Inside Counsel, Treasury & Risk, Compliance Week and others. It is widely recognized for articulating the value of integrated GRC and demonstrating that it is possible to achieve this value.

"Being part of the OCEG Leadership Council and having a seat at the Red Book 2.0 table is a real honor. Rarely in one's career is there such an opportunity to work in such a collaborative way on a project that will have as much impact as the Red Book already has, and will have in the future," said Comstock. "We are really at the starting gate in the development of a tool that will help drive corporate efficiency for the next decade. As companies play on an increasingly global field, the improvements in effectiveness gained through a truly integrated governance, risk and compliance program can give them a competitive advantage."

UHY Advisors-OCEG

"OCEG is pleased to welcome Norman to the Leadership Council. In a relatively short time, UHY Advisors has demonstrated the ability to offer both thought leadership and sweat-equity to the ambitious task of Red Book 2.0," said Carole Stern Switzer, OCEG President and Chief Legal Officer.

UHY Advisors Technology Assurance group has cultivated a leadership position in the governance, risk and compliance (GRC) consulting. The firm has recently developed one of the industry's only methodologies for monitoring GRC-critical data from existing enterprise resource planning platforms in a format that allows management an omnibus view of the interdependencies of risk within an organization. These methodologies have been endorsed by several major ERP software companies, and are currently in use in numerous Enterprise companies.

Work on the OCEG Red Book 2.0 is already in the design draft stage, and will be in public draft form in April, 2008.

About UHY Advisors

UHY Advisors, Inc. provides tax and business consulting services through wholly owned subsidiary entities that operate under the name of "UHY Advisors." UHY Advisors, Inc. and its subsidiary entities have more than 1,400 professionals providing services from offices across the United States.

UHY Advisors' Enterprise Risk Advisory Services (ERAS) group offers clients an integrated and practical approach not only to identify risks, but also to work within their organizations to develop practical strategies to help mitigate risk and opportunities for process and profit enhancement. Services range from Sarbanes-Oxley compliance, technology assurance, and full governance, reporting, compliance, and testing implementations. The ERAS technology branch, the Technology Assurance and Advisory Services (TAAS) group, has developed repeatable solutions to meet the demands of companies in a myriad of industries including energy, retail, and manufacturing. The practice's GRC Solution Center in Houston focuses on GRC issues from both a business and technical perspective, and has formulated frameworks based on best practices that UHY Advisors has developed for its expanding client base.

UHY Advisors TX, LLC (f/k/a UHY Mann Frankfort Stein & Lipp Advisors, LP) conducts operations in Texas as a subsidiary of UHY Advisors, Inc. The firm also has an office in downtown Dallas. UHY Advisors, Inc. and its subsidiary entities have more than 1,400 professionals providing services from offices across the United States. UHY Advisors, Inc. is ranked as the 13th largest professional services firm providing tax and business consulting in the country by Accounting Today. Attest services are performed through an alternative practice structure with UHY LLP, a licensed independent CPA firm in Texas.

UHY Advisors, Inc. and UHY LLP are independent U.S. members of Urbach Hacker Young International Limited. For additional information, please visit their website at www.uhy-us.com.

UHY Advisors, Inc. and its subsidiary entities are not licensed CPA firms. UHY LLP is a licensed independent CPA firm that performs attest services.

About the Open Compliance & Ethics Group

With over 12,000 members representing 66 governance, risk and compliance disciplines across 45 countries, OCEG provides critical information to some of the largest, most reputable companies in the world, while also meeting the needs of individual GRC executives. OCEG is the only nonprofit organization that offers comprehensive guidance, standards, benchmarks and tools for integrating governance, risk and compliance processes. OCEG’s unique organizational structure allows members to take advantage of contributions from thousands of experts in companies that are all on a similar mission: to align overall company performance with corporate GRC objectives. Our guidance, benchmarking, custom tools and communities of practice help you drive principled performance(TM). www.oceg.org

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