SOURCE: Paisley Consulting

October 17, 2006 09:00 ET

RIA and Paisley Consulting Form Strategic Marketing Relationship

Alliance Will Result in Industry's First Governance, Risk and Compliance Platform to Integrate Internal Auditing Research

NEW YORK, NY and COKATO, MN -- (MARKET WIRE) -- October 17, 2006 -- Today, Thomson RIA, part of Thomson Tax & Accounting, and the premier provider of technology and information to tax and accounting professionals, and Paisley Consulting, a leading provider of software for governance, risk and compliance (GRC), announced that they have formed a strategic marketing relationship. By joining forces, the companies will introduce the industry's first GRC platform with integrated access to auditing and compliance research.

As part of the relationship, Paisley Consulting will integrate RIA's Checkpoint®, the leading research tool for accounting and tax professionals, into The Paisley Solution, the industry's only comprehensive solution for GRC, financial control processing and audit information. As a result, clients will gain instant access to a comprehensive knowledge repository of industry news, standards, regulations and best practices for financial and audit professionals. Customers will be able to easily access content from RIA's Sarbanes-Oxley Reporter, Corporate Governance and Internal Auditing Library from anywhere within The Paisley Solution application.

"This new partnership brings together two leading complementary solutions that focus on internal audit and Sarbanes-Oxley compliance," said Tim Welu, CEO Paisley Consulting. "RIA's Checkpoint with its wealth of content and productivity tools, coupled with The Paisley Solution, the most complete platform for GRC, is a powerful combination for any organization looking for the most comprehensive and efficient approach to compliance and internal audit."

Checkpoint is the industry leading online research and workflow solution within the tax and accounting market, offering the most comprehensive library of information and guidance combined with cutting edge productivity tools to help professionals find the right answers quickly. Checkpoint subscribers get unparalleled access to information, insights and tools on tax, pensions, benefits, estate planning, financial reporting and compliance, and accounting topics.

Paisley Consulting is a recognized leader in providing solutions for governance, risk and compliance. "The integration between Checkpoint and Paisley Consulting software products improves customer workflow while saving time for Checkpoint and Paisley Consulting customers," says Mark Schlageter, EVP and general manager, Research & Guidance for Thomson Tax & Accounting. "We are excited to enter into this new partnership with Paisley and look forward to being the first to market integrated SOX and internal auditing research and compliance solutions."

For more information about Paisley Consulting visit www.paisleyconsulting.com or contact 320.286.5870. For more information about RIA and Checkpoint please visit http://ria.thomson.com or contact 800.950.1216.

About The Thomson Corporation, Thomson Tax & Accounting and RIA

The Thomson Corporation (www.thomson.com), with 2005 revenues of $8.40 billion, is a global leader in providing integrated information solutions to business and professional customers. Thomson provides value-added information, software tools and applications to more than 20 million users in the fields of law, tax, accounting, financial services, higher education, reference information, corporate e-learning and assessment, scientific research and healthcare. With operational headquarters in Stamford, Conn., Thomson has approximately 40,500 employees and provides services in approximately 130 countries. The Corporation's common shares are listed on the New York and Toronto stock exchanges.

Thomson Tax & Accounting, as part of Thomson, is a leading provider of technology and integrated information solutions to accounting, tax and corporate finance professionals in accounting firms, corporations, law firms and government. Thomson Tax & Accounting includes the Professional Software & Services, Corporate Software & Services, and Research & Guidance businesses. RIA (http://ria.thomson.com) and PPC (http://ppc.thomson.com) are both brands within the Research & Guidance business.

About Paisley Consulting

Founded in 1995, Paisley Consulting is the recognized leader in providing more than 1,250 organizations -- including 35 percent of the Fortune 100 -- with comprehensive and tightly integrated solutions to better identify and reconcile the risks impacting organizations thereby ensuring that evaluations of operational risk are completed quickly, consistently and accurately.

Leveraging industry best practices, a common technology platform and a unified database to facilitate standardized, automated and collaborative processes across the enterprise, Paisley Consulting customers are empowered to improve the accuracy, consistency and efficiency associated with Sarbanes-Oxley compliance, internal audit, general compliance and operational risk management initiatives. Developed for companies of every size and across multiple industries, Paisley Consulting's solutions can be implemented as an integrated whole for maximum value or may be deployed as individual point solutions.

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