Category: Effective Compliance

In 2023, key developments in the area of white-collar crime and compliance encompass ESG, intensified US corporate crime enforcement, and the UK’s legislation addressing ‘failure to prevent fraud and bribery offenses.’. These developments all have one thing common: The absolute necessity of an effective compliance program. The days when organisations…

Effective internal controls are good for business. At least, this how COSO (Committee of Sponsoring Organizations of the Treadway Commission) introduces the purpose of internal control. According to the COSO website, internal controls have a value beyond compliance and external financial reporting. Effective internal controls can help an organisation articulate…

The Committee of Sponsoring Organizations of the Treadway Commission (COSO) was established in 1985 in response to a series of high-profile financial scandals that were made possible by weaknesses in internal control systems. The Treadway Commission, named after its chairman, James Treadway, was established to address concerns about fraudulent financial…

In the complex landscape of modern business, managing fraud risk is challenging. The COSO framework – a brainchild of the Committee of Sponsoring Organizations of the Treadway Commission – serves as key guidance in this challenging terrain. Rather than a rigid checklist, think of it as a flexible, holistic approach…

The holiday season in the corporate world is often marked by a flurry of activities, including the exchange of gifts and extending hospitality. While these gestures are part of the festive spirit, they can also pose significant risks from a compliance perspective. As compliance officers, the challenge lies in ensuring…