Building a Culture of Compliance

Focus and Features

This course will discuss how to set up an effective compliance program that adds value to the organization, practice sharing from a multi-national company considered to be the gold standard in compliance by the US Government and best practices from different industries.

Compliance is becoming more visible in various organizations, companies from developed countries like the Unites States have been developing compliance programs for some years and it has now been more important for companies from developing countries to implement a good compliance program as well, since this is one of the best deterrence to fraud, corruption and inefficiencies. A good Compliance Program is also a strong preventive control which aides Internal Audit add value to organizations.

Being a Compliance practitioner is an upcoming and exciting new field which can provide local opportunities as Philippine companies sees its importance and global companies especially from developed countries such as the US, UK, Singapore, Australia, Hong Kong, Japan offer a strong job market, since the importance of compliance has already been established in these countries. Being a compliance practitioner does not require you to have a background in Accounting, compliance practitioners come from any/various fields (medical, engineering, finance, HR, Law, etc.)

What You Will Learn

I. Overview of Compliance and Ethics Practice

• Defining Compliance and Ethics
• The Role of Culture
• Compliance and Ethics Program: The Value Proposition
• Code of Professional Ethics for Compliance and Ethics Professionals

II. Essential Elements of an Effective Compliance and Ethics Program

• Standards of Conduct, Policies and Procedures
• Oversight and Accountability
• Education, Communication and Awareness
• Delegation of Authoerity
• Enforcement Discipline an Incentives
• Risk Assessment and Monitoring and Auditing
• Ongoing Program Improvement

III. Strategies for Implementation (Organizational Steps)

• Making a Business Case: Selling Compliance and Ethics to Management
• Board Engagement, Training and Reporting
• Hotline and Whistleblowing Reporting Mechanisms
• Workplace Investigations
• Creating an Organizational Investigations Program and Conducting Effective Workplace Investigations
• Compliance and Ethics Risk Assessments
• Ethics and Culture
• Using incentives in compliance and ethics program
• Communicating values across cultures
• Independent Investigations by Audit Committee
• Third Party Risk Management

IV. Recent Developments and updates