Despite the existence of the Federal Sentencing Guidelines (instated to allow for leniency toward corporations held criminally liable for the actions of rogue employees), for more than 20 years there were approximately zero instances of the federal government cutting businesses slack based on the merits of their ethics and compliance programs. Until 2012, that is.
Advancements in technology have impacted nearly every corner of the world – the audit is no exception. Technological shifts have had an indelible impact on how and where audits are executed. PwC Assurance Partner Beth Paul reflects on 20+ years in the audit profession and what the changes mean for the workplace and for incoming auditors.
A critical component of any best practices BSA/AML compliance program is a periodic, independent review. The need for these evaluations is clear, but do you know what’s necessary to ensure your organization is sufficiently prepared for them?
With focus on compliance in Latin America on the rise, there has also been a steady increase in the compliance competency in the region. Naturally, there have been some growing pains. An international conference last month in Columbia on anti-corruption compliance and enforcement shed light on some of the more significant mistakes emerging.
What are the main priorities that GRC stakeholders need to have in 2016? Scott Wisniewski, Managing Director for the Risk Technology Solutions at Protiviti, will address the top considerations needed in order to create a successful convergence strategy.
On a scale of 1 to 10, what’s your organization’s risk appetite? Now, toss that number out the proverbial window. That was a trick question, since your answer should be “it depends.” Some situations allow for potentially risky moves, and others require a more calculated approach. Neither circumstance, when considered alone, can define the company’s risk appetite.
It's no secret: even the largest company is susceptible to data breaches in cyberspace. We've seen this play out with industry-leading brands, and the financial and reputational harm has been significant. Many of these breaches could have been averted, however. Find out how some of the largest websites in the world "got hit" and what they could have done to prevent it.
We’re less than a year away from a new president, so lame duck season will soon be upon us. This phenomenon isn’t isolated to the White House, however, and it’s a prime reason why appointing an interim CEO is probably a bad idea. Much better is having a plan in place to avoid hiring and promoting in an act of desperation.
Corporate Compliance Insights is a professionally designed and managed forum dedicated to online discussion and analysis of corporate compliance, risk assessment, ethics, audit, and corporate governance topics. Additionally, Corporate Compliance Insights is a focused knowledge-sharing forum designed to educate and encourage informed interaction within the corporate compliance community. Corporate Compliance Insights is founded by Maurice Gilbert, managing partner of the Conselium Executive Search Firm, a compliance-focused executive search firm.