Tagged: audits

Third-Party Risk Mitigation and Monitoring (Part V of V)

It is easy to be overwhelmed by the overall risk profile of your third-party population.  The best way to tackle the problem is by defining specific problems and risks and then analyzing a subset of third parties as to this specific problem or risk.  On the operational side, the business can guide this inquiry, especially procurement professionals who should be familiar with the direct and...

The Revolution of Blockchain and Compliance (Part I of II)

I am not one to engage in hyperbole.  But when it comes to blockchain technology and the implications for our economy, this is going to be the real deal.  In the world of ethics and compliance, blockchain has many possible applications that could easily transform compliance capabilities. To show my age, let’s go back into time and remember when we all were buying personal computers...

Derailing Internal Reviews, Audits, Assessments and Investigations

Following FCPA enforcement actions provides important insights that can be translated into corporate compliance program best practices. One key element of an effective ethics and compliance program is conducting periodic assessments, and implementing an efficient and responsive internal investigation protocol. Under the Sentencing Guidelines, an effective ethics and compliance program has to prevent and detect potential violations of law and the company’s code of conduct....