31 Days to a More Effective Compliance Program - The four key internal controls for compliance

Thomas Fox
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There are four significant controls that I would suggest the compliance practitioner implement initially. They are: 1) DOA; 2) maintenance of the vendor master file; 3) contracts with third parties; and 4) movement of cash/currency.

Three key takeaways:

1. Remember the top four internal controls for an effective compliance See more +

There are four significant controls that I would suggest the compliance practitioner implement initially. They are: 1) DOA; 2) maintenance of the vendor master file; 3) contracts with third parties; and 4) movement of cash/currency.

Three key takeaways:

1. Remember the top four internal controls for an effective compliance program.

2. Effective internal controls should do more than protect but also prevent internal program violations.

3. Effective internal compliance controls are good financial controls. See less -

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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