How Compliance and Procurement Can Work Well Together
Lots of people these days like to compare the chief compliance officer to a primary care physician. That is, the CCO is responsible for the overall health of the compliance program, but enlists specialists in other parts of the business—legal, accounting, IT, internal audit, human resources—to help with specific tasks. ...
Related articles
-
Article
The vital link between compliance and procurement
For many organizations, compliance and procurement only work at all if they work together. But how they work together is something that is unique to every organization. Jaclyn Jaeger explores.
-
Article
Reducing Systems and Risks in Purchase-to-Pay
Most companies maintain several systems within their procurement and accounts payable functions, especially if they have grown through acquisition. But several systems can create risks, including low supplier visibility. Fewer systems can help, but it’s not a cure-all. Many companies find they need to take steps to reduce the risks ...
-
PremiumBribery risk elevated, experts say, as DOJ narrows FCPA enforcement
When the U.S. Department of Justice announced a six-month enforcement pause of the Foreign Corrupt Practices Act (FCPA) in February, many speculated that the risks posed by bribery had been lowered. So when the DOJ said last week that it would resume launching FCPA investigations, it may just seem like ...