Any company that’s been in business for more than a few months can attest to the fact that compliance is not only a big part of being in business, it’s a moving target that almost changes with the seasons. And the last half of 2017 pushed the focus on compliance into high gear with the…
It might seem counterintuitive, but it’s common knowledge and apparently the natural order of things – technology moves much faster than the rules we set to govern it. Automobiles upset the public at first and caused governments to rethink roads. Airplanes caused governments to address the skies, something they’d never had to do before. Now…
The difference between the auditor and compliance officer within organisations is not always clear. There are definitely similarities and the two have common characteristics with some overlap so it is reasonable to confuse the two as almost merging into one another. They must work together in many cases but there are distinct differences. Distinct and…
At face value, compliance can easily be interpreted as maintaining the status quo, following the rules, and conforming to predetermined and universally accepted norms. And if you choose to believe and adhere to that definition and understanding of the term and the practice, that’s exactly what it will be. But you do have a choice.…
When a casual observer watches a Formula 1 race, they probably don’t think much about anything beyond the experienced and practiced driver handling a very fast car, the best they can. If they do move any further in their analysis, it would be to understand the importance of speed and precision during a seconds-long pit…
It’s no secret that the world is changing very quickly in the modern digital world, and that fact applies to every aspect of our lives, both individually as well as in the business world. That basic concept is the basis of a great new book called Exponential Organisations by Salim Ismail, which describes how two…
For independent auditors and compliance consultants, taking on larger volumes of work can be difficult without the right people and processes to make it work. In a competitive environment, establishing a niche client base that can trust your services is essential.
Peak bodies and industry associations are facing ever-changing and demanding compliance responsibilities. New laws, codes and regulations are making the compliance landscape ever more complex. Jurisdictions and mandatory inspection schedules are also increasing, adding pressure on already limited compliance resources.
With business moving faster than ever in our digital age, disruptive companies and industries are offering consumers new and exciting options that have never been available before. At the same time, they are causing headaches for governments and regulatory bodies since legislation and regulations can’t seem to keep up with the speed of the changes. With regulations uncertain, compliance becomes a nebulous situation.
Your supply chain is essentially a set of successive contractual arrangements designed to provide you with goods and services that you either use internally or pass on to your customers. This is typically a controlled process, best described as a network with contract conditions and oversight so that your organisation can retain control over the quality of the product you are sourcing.