About Board and Fraud

Board and Fraud is a blog that aims to bring a practical approach to issues facing the board of directors and the audit committee specifically in the area of governance, risk management, compliance, and internal audit, with a strong focus on fraud, ethics, and internal controls.

The Continued Evolution of Best Practices for Compliance Programs

In 2019 and 2020, the federal government released significant information which directly impacted compliance professionals. We cover all three releases in this eBook, the 2020 Evaluation of Corporate Compliance Programs - Guidance Document, the 2019 Framework for OFAC Compliance Commitments, and the 2019 Evaluation of Corporate Compliance Programs in Criminal Antitrust Investigations. These three documents provided not only the government’s refreshed thinking on what constitutes a best practices compliance program. I have combined all three onto a best practices document.

Overview

In 2019 and 2020, the federal government released significant information which directly impacted compliance professionals. We cover all three releases in this eBook, the 2020 Evaluation of Corporate Compliance Programs – Guidance Document, the 2019 Framework for OFAC Compliance Commitments, and the 2019 Evaluation of Corporate Compliance Programs in Criminal Antitrust Investigations.

These three documents provided not only the government’s refreshed thinking on what constitutes a best practices compliance program but lays out specific, actionable items every compliance practitioner can take to implement them in a corporate compliance program. While each document focuses on areas specific to that discipline; anti-corruption compliance, anti-trust compliance, and trade sanction compliance, taken together it drives home the message of the convergence of compliance from disparate disciplines together into one overall ‘compliance’ function.

Special thank you to Tom Fox!

The e-Book provides the following

  • Guidance to implement best practices for compliance programs for organizations of all sizes
  • A roadmap to develop, implement and administer the all required elements of a compliance program based upon industry standards and government regulations and recommendations
  • Practical advice for organizations to assess the effectiveness of their compliance programs
  • Recommendations for organizations to investigate, analyze and remediate incidents of compliance failures

A copy of the e-book can be downloaded here!

Best,

Jonathan Pic

Jonathan T. Marks, CPA, CFE

E-mail me your questions or comments and to request a copy of our other e-book for Chief Compliance Officers (CCOs) and those responsible for developing and implementing compliance policies and procedures for an organization.

 

 

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