Everything Compliance-Episode 12

Thomas Fox
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Show Notes for Episode 12, the Summer Haze Edition

The dog days of summer are on the horizon and the Houston Astros lead the major leagues in winning percentage. Coincidence that the US pulls out of the Paris Climate Accords the same week the Astros are playing .700 baseball? The top four commentators in compliance return to talk about what is one their summer radar for consideration. This episode concludes with the panelists’ rants.

1. Matt Kelly opens with a discussion See more +

Show Notes for Episode 12, the Summer Haze Edition

The dog days of summer are on the horizon and the Houston Astros lead the major leagues in winning percentage. Coincidence that the US pulls out of the Paris Climate Accords the same week the Astros are playing .700 baseball? The top four commentators in compliance return to talk about what is one their summer radar for consideration. This episode concludes with the panelists’ rants.

1. Matt Kelly opens with a discussion of the revisions to the COSO ERM Framework, which were based on comments by practitioners. Matt considers the integration of the COSO ERM Framework into functional business units moving to operationalize ERM in organizations and we consider how the ERM Framework differs yet is complimentary to the COSO Internal Controls Framework.

2. Mike Volkov examines the FinCen enforcement action involving Thomas Haider, the former CCO at MoneyGram. Mike considers the implications for CCOs and whether the case even matters for CCOs.

3. Jonathan Armstrong reviews the recently released information that from the Serious Fraud Office, Unaoil investigation that both Wood Group/AMEC merger partners are under SFO investigation. He explores some of the following questions: What should companies be doing around Unaoil? What happens if you discover a merger candidate is under investigation or in the case of AMEC, self-disclose they are under investigation. What does it mean if the acquiring entity rather than the target is under investigation? Finally, Armstrong handicaps the upcoming UK election and what it might mean for compliance.

4. Jay Rosen brings his Mr. Monitorship hat and former Mr. Translations eye to the question of operationalizing your compliance program. He considers how the compliance function can work with other corporate functions to embed compliance into the fabric of an organization, concluding with by doing so a compliance function could become a competitive advantage for a business. See less -

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