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.
The annual Corruption Perceptions Index is out, and Asia-Pacific showed little improvement overall in 2015. Only a fraction of the 27 countries in the region “passed” in Transparency International’s scoring system, and while several nations did show slight increases in their scores and rankings, others took a tumble.
The SEC has just settled a case against Ignacio Cueto Plaza, CEO of Chilean LAN Airlines, who was charged with violating the FCPA. The allegations were that Cueto knowingly authorized a sham consulting agreement that may have funneled funds to union officials amid a dispute between the airline and its unionized employees. The executive settled, but at what cost?
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.