The SEC has recently brought cases against national audit firms for audit failures – the first since 2009. This development signals a shift among regulatory agencies to hold financial gatekeepers more accountable. Candela Solutions’ Ron Kral offers five tips to help firms achieve maximal value from the external audit process.
Complying with the Payment Card Industry Data Security Standard has become a repeated fire drill within large companies. During the annual audits and quarterly scans, security, IT and compliance leaders scramble to collect the required PCI DSS data from many siloed business units and third-party vendors. Not an efficient system, nor a reliable one.
Both pieces of legislation aim to minimize wrongdoing – one to prevent corruption abroad, the other to minimize financial fraud. Both focus on robust internal controls as part of the solution. The FCPA lays the burden of managing internal controls on the organization as a whole, but under SOX, the duties clearly fall to the executive officers.
Your customer and employee base is more likely than not fairly diverse. Does your board of directors reflect this diversity? If your company’s board is like many others, it’s comprised by and large by middle-aged white men. Naturally, this doesn’t allow for very different perspectives – something investors highly value.
Global expansions can be a strong revenue generator to mid-sized businesses when executed correctly. If you’re not sure where to begin, here are some key points to help ensure you don’t make any serious missteps while you grow your business internationally.
This is the final piece of TRACE International's series about bribery and corruption on the international stage. This compelling insider's account offers a host of lessons for compliance practitioners.
It’s essential for corporate leaders to instill and maintain a commitment to ethical practices. However difficult it may be to pin a value on business ethics, the connection between culture, reputation and profitability is undeniable. Yes, financial success is important, but not to the exclusion of integrity. Once lost, consumer trust is very hard to gain back.
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.