Connecticut Bankers Association Endorses WolfPAC(sm) as Trusted Advisor and Provider of Risk Management Solutions to Member Banks

Endorsement by CBA is further confirmation of WolfPAC(sm)'s significant role meeting the Risk Management needs of financial institutions

News provided by

Wolf & Company, P.C.

Jan 07, 2010, 10:10 ET

BOSTON, Jan. 7 /PRNewswire/ -- Wolf & Company, P.C. ("Wolf"), a leading CPA and Business Consulting firm announced today that they have received the Connecticut Bankers Association (CBA) endorsement of the company's online risk assessment solution, WolfPAC Integrated Risk Management ("WolfPAC(sm)"). WolfPAC(sm) helps banks automate and analyze their risk and controls for IT, privacy, vendor, regulatory compliance and other operational risk assessments, and view centralized results across the enterprise.

"Banks have relied on WolfPAC(sm) for many years to assist them with their risk management needs and importantly, to comply with state and federal laws," said Gerald Noonan, President & CEO of the CBA. "With our endorsement, we are pleased to encourage our member banks to turn to WolfPAC(sm)'s unique and secure on-line suite of services as an excellent means of assessing enterprise risk and evaluating their control environment."

The CBA represents the banking industry in the State of Connecticut and serves as the voice of its members in matters of common interest. By receiving their endorsement, WolfPAC(sm) will become a member of a select group of preferred providers chosen by the CBA to service the needs of its bank membership.

"WolfPAC(sm) will give our members the ability to customize their own risk evaluation and management solution by selecting the modules that specifically meet their needs. This suite of modules has proven to be a cost effective tool to centralize what had been the difficult and unwieldy process of gathering and evaluating a host of risk factors. We are confident that member banks can enhance their continued success by employing the WolfPAC(sm) solution," said Mr. Noonan.

The CBA endorsement includes all the WolfPAC Integrated Risk Management solutions, as listed below:

Information Technology Risk Assessment
Customer Information Risk Assessment
Regulatory Compliance Risk Assessment
Vendor Risk Assessment
Financial Reporting Controls Assessment
Business Continuity Risk Assessment
Operational Risk Assessment
Enterprise Risk Assessment
Audit Plan
Business Continuity Plan
Control Remediation Plan
Enterprise Risk Management Plan
Incident Response Plan

About WolfPAC Integrated Risk Management

WolfPAC(sm) (http://www.wolfpacsolutions.com) is a secure, online service used to automate the risk management process using an integrated suite of risk management tools. The WolfPAC(sm) solution, introduced in 2004 by Wolf & Company, P.C., has garnered significant success with financial service companies given the need for enterprise-wide risk assessment. As a Software-as-a-Service solution, WolfPAC(sm) modules can be configured the same day as the contract is signed, allowing users to begin the risk assessment process and review results immediately.

The scalable, multi-module solution offers information technology, privacy, vendor, regulatory compliance, and other risk assessment modules using a self-guided methodology. The results are immediately available for analysis, and industry benchmarking information provides senior business managers with tools to evaluate their risk profiles against industry norms.

About Wolf & Company, P.C.

Wolf & Company, P.C. (http://www.wolfandco.com) is a regional certified public accounting and business consulting firm, with offices in Boston and Springfield, Massachusetts and Albany, New York. The firm employs over 175 professionals providing audit, tax, IT assurance, regulatory compliance, internal audit, and business consulting services. Wolf's clients include privately-held and publicly-traded businesses and individuals. Wolf & Company, P.C. is registered with the Public Company Accounting Oversight Board and is a member of both a national and international affiliation of CPA firms.


    CONTACT:
    Joseph Romanello
    National Sales Manager
    WolfPAC Integrated Risk Management
    Wolf & Company, P.C.
    99 High Street
    Boston, MA  02110
    (617) 261-8195
    [email protected]

SOURCE Wolf & Company, P.C.