Swenson Advisors, LLP to Expand SOX Consulting Services With SyncBASE Automation Tools in Western U.S. and China

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Apr 20, 2010, 10:40 ET

SAN DIEGO, April 20 /PRNewswire/ -- Swenson Advisors, LLP has signed a value-added reseller agreement with Toronto-based SyncBASE, Inc. to offer a suite of web-based solutions designed to assist public companies in the automation of their compliance with the Sarbanes-Oxley Act (SOX) – Section 404 and other accounting requirements.

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The product suite will also assist companies in their conversion process from their local GAAP (Generally Accepted Accounting Principals) to IFRS (International Financial Reporting Standards) and in the management and accounting for stock options.

Swenson and SyncBASE will be featuring these automation tools at an upcoming CCH conference in Shanghai on May 20-21, 2010 in connection with SOX and IFRS training workshops in China.

"The cost of compliance has been a growing issue for many public companies over the last few years. The introduction of this suite of automation tools in the U.S. will assist those companies in bringing down the cost of their compliance in 2010 and beyond," noted Stephen Austin, Managing Partner of Swenson Advisors, LLP.

"The strategic alliance with Swenson is an important milestone for SyncBASE, and will further establish SyncBASE's leadership position in the international markets," noted Ramy Taraboulsi, CEO, SyncBASE Inc.

This alliance with SyncBASE is the first step in Swenson's efforts to expand its SOX consulting services throughout the Western United States and Hawaii as well as an expansion of its consulting services in its Hong Kong office, Mainland China and other Asian markets.

ABOUT SWENSON ADVISORS, LLP

Swenson Advisors, LLP is a full service regional PCAOB accounting firm with global outreach. Swenson Advisors is dedicated to providing the highest quality services to their clients, in their own marketplaces and around the world.

Since 1998 Swenson has been a growing firm of certified public accountants with national firm capabilities and local firm responsiveness. Swenson Advisors, LLP serves both public and private companies in the technology, manufacturing, service, non-profit, and real estate markets.

Swenson has offices in San Diego and Murrieta, California and an office in Hong Kong to service the Asian market. Worldwide, they provide accounting and tax services to their clients through their membership in Integra International, a global federation of accounting, tax and consulting firms.

In 2007 they were ranked one of the Top 100 SEC Audit Firms in the United States and more recently were ranked No. 2 in the Top Accounting Firm survey for Riverside County. Swenson Advisors, LLP is registered with the Public Company Accounting Oversight Board and is a member of the American Institute of Certified Public Accountants. Additional information is available on www.SwensonAdvisors.com

ABOUT SYNCBASE, INC.

SyncBASE is a leading provider of governance, risk and compliance software solutions to international markets. Based in Toronto, Canada, since 2003, SyncBASE has been providing leading edge web-based solutions for financial executives in both public and private companies in the areas of stock-based compensation management and accounting, risk management and internal control certification, and International Financial Reporting Standards conversion.