Key Topics to Cover in Your Compliance Training – and How to …
Jul 12, 2021 · It’s the same at every job: An employee’s first day (or even week) is dedicated not to doing the work they were hired to do, but to learning how to do the work. Even if they have experience in the field, the new employee needs to be trained on the specific policies and procedures in place at the company.. While this type of training, known as “compliance training,” may seem tedious, it ...
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Prosecutors in the DOJ’s Criminal Division are watching how companies use technology like AI and whether they have adequately mitigated risks associated with it, Principal Deputy Assistant Attorney General Nicole Argentieri announced in a keynote address Sept. 23 at the Society of Corporate Compliance and Ethics’ 23rd annual Compliance & Ethics Institute.
Critical Lessons from the Volkswagen Scandal | Corporate …
Sep 11, 2020 · There are lessons to be learned from VW’s errors. In 2015, the company confessed to cheating emissions tests on 11 million vehicles across the globe. “Dieselgate,” as the scandal was called, was a punch to VW’s reputation. The financial hit, significant. The company has paid a whopping $9.5 billion in the last four years to American car ...
The HR Function’s Compliance Role - Corporate Compliance Insights
Mar 13, 2019 · The human resources (HR) function is at the center of most employers’ efforts to identify, hire and retain the people the organization needs to execute its strategy and achieve its goals. But the HR function is a key player within the organization’s compliance structure as well. There are numerous laws and regulations governing the ...
Using Metrics and KPIs to Measure Compliance Program …
Feb 4, 2018 · Calibrate expectations. If you are a compliance/ethics officer in a company with well run functions (legal, HR, regulatory, etc…) your firm’s compliance and ethics performance is probably already pretty good. To go from 98% to 99% compliance may require as much focus, discipline and energy as achieving the first 98%.
Compliance Monitoring: A Strategic Approach to Monitoring for …
Jul 29, 2010 · Monitoring for Compliance. A Strategic Approach. by Jason Lunday. July 29, 2010. in Compliance. While a little-understood element of process management, monitoring serves as a powerful tool to ensure that ethics and compliance processes continue to work and improve. Ethics and compliance monitoring is a clear expectation but has not been well ...
Internal Control Checklist: 5 Anti-Fraud Strategies to Deter, …
Mar 10, 2010 · This condition is principally managed by designing and implementing a control environment that prevents, detects, and deters most fraudulent behavior, whether conducted by employees, vendors, consultants, or senior management. As part of such a control environment, there are five key anti-fraud controls that companies can implement, and it ...
Tips and Techniques for Detecting and Preventing Fraud
Aug 16, 2018 · Read: Top Tips for Deterring Fraud: A Guide for Audit Committees. 3. Improve controls by implementing continuous auditing and monitoring. Strengthen controls over transaction authorizations and use continuous auditing and monitoring to test and validate the effectiveness of your controls.
4 Compliance Career Paths – And Why They Make a Difference
Mar 13, 2020 · in Compliance, Leadership and Career. A circuitous path into and through the compliance profession is pretty common among compliance professionals. ICA’s David Povey discusses several of the many roles available to new compliance pros (and seasoned ones, too). Staying in one job throughout a whole working life is less common than it used to be.
How the Foreign Corrupt Practices Act Came to Be
Jul 3, 2018 · On March 15, 2018, Eberhard Reichert pleaded guilty to conspiring to pay tens of millions of dollars to bribe Argentine government officials in violation of the Foreign Corrupt Practices Act (the FCPA). Mr. Reichert, a German citizen, was arrested last year in Croatia. He and seven others are being criminally prosecuted for FCPA crimes ...