Section 1

Understanding the Basics

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Get Started with Compliance Fundamentals

From creating a top-notch code of conduct to understanding the role compliance plays in your organization, this is the place to learn the core elements of an effective compliance program.

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Each compliance program is unique with disparate risks and various levels of maturity. Although there are a number of nuances determined by your company’s size, industry and location, there are still basic principles that are best practices across the board. In this section you’ll learn about the key skills every compliance professional should have as well as the general knowledge base effective compliance professional have and harness throughout their careers.

Just as there are key skills every modern compliance professional should possess, there are fundamental elements every effective compliance program should practice. This section will introduce you to those key components of a robust compliance program and provide the guidance you need to move your career and program to its next level of sophistication. 

The Puzzle of Risk Management: Fitting Together the C-Suite, Board and Internal Departments

Gone are the early days of risk assurance where external audit firms inspect financial statements and corporate compliance officers work strictly on regulatory filings. Today, it takes a village working together. Here's how all the pieces fit.

Matt Kelly, Radical Compliance 02/15/2017
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Gone are the early days of risk assurance where external audit firms inspect financial statements and corporate compliance officers work strictly on regulatory filings. Today, it takes a village working together. Here's how all the pieces fit.

Risk assurance today is nothing like what it used to be.

Gone are the early days of risk assurance, where the external audit firm inspected financial statements and corporate compliance officers (assuming your firm had one) worked strictly on regulatory filings. The board simply reviewed the accuracy of audit and regulatory filings, and then talked strategy with the CEO.

While the Sarbanes-Oxley Act of 2002 birthed "compliance" as we know it today, the far more defining moment was the financial crisis of 2008 and all the regulatory change provoked by that transfiguring time. Today, virtually every participant in the corporate realm—regulators, investors, boards, employees, senior executives, internal auditors, external auditors, compliance officers, and others—are driving to a much broader goal of better risk management. The journey alone (never mind succeeding at that goal) will redefine risk assurance to its core.

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Learned about risk management and how is it managed at the high level and how the goal can be achieved.

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March 28, 2017, 11:59 a.m. Manjisha Ka Manjisha Ka

Great article! This is such a key component of any dialogue with my clients: shifting that mindset from one that is reactive to one that is proactive. It can feel like an uphill battle to simultaneously investigate and address known incidents while also formulating a strategy to identify instigating patterns for those incidents but the time spent will pay itself back exponentially -- for the board, for the organization and those tasked with managing the details on day-to-day incidents and risks.

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March 28, 2017, 11 a.m. Cody Bland Cody Bland