Tagged: overlap in controls

The Growing Tension Between Compliance and Financial Controls

Compliance professionals are used to internal struggles for influence and resources.  Chief compliance officers have devoted years and years to justifying the need to elevate and empower the compliance function.  For years, compliance professionals were relegated to back-room positions where they were cabined by structural and political restrictions.  One of the early struggles was between the chief legal officer and the CCO.  Eventually, CCOs were...