Posts Tagged ‘coronavirus’
Report: How Covid Is Changing Internal Audit
The internal audit world is bracing for big change thanks to Covid-19: tighter budgets, more risk assessments, changes to the audit plan, and — like so many others these days — lots of working from home. So says a special report published by the Institute of Internal Auditors on Monday, based on a survey of…
Read MoreMassachusetts’ Covid-19 Attestation
The state of Massachusetts has unveiled its plans to resume business activity after 10 weeks of Covid-19 lockdown, complete with a step that compliance professionals may see more often: a compliance attestation poster that every business will need to display publicly and prominently. The poster certifies that the business in question has taken four steps…
Read MoreLeaked: CDC Reopening Guidance
Risk and compliance officers may have seen word that the Trump Administration has shelved pending guidance from the Centers for Disease Control about how to re-open business operations amid Covid-19 — but fear not! The guidance leaked anyway, so you can read and consider the advice at your leisure. The document, 17 pages long, is…
Read MoreCruise Lines Face Covid-19 Compliance Squeeze
Royal Caribbean International has agreed to an exhausting set of criteria from the Centers for Disease Control so the cruise line can evacuate its employees from ships stuck at sea — including the risk of civil and criminal penalties for senior executives should Royal Caribbean bungle the task. That certainly takes the importance of running…
Read MoreCovid-19’s Threat to Business Continuity
If you ever want to see one of the most maddening side effects of Covid-19, read a sadly superb story from the New York Times this weekend examining the troubles of the U.S. food industry. It paints a powerful picture of the supply chain and business continuity risks many companies will face in months and…
Read MoreWhen Covidiocy Strikes Corporate Governance
For several weeks now we’ve been spot-lighting good practices in corporate governance and compliance during the Covid-19 crisis. Today we’re flipping the script to call out some stupendously inept corporate behavior in these difficult times. Everyone, say hello to the Boston Sports Club. BSC is one of those upscale urban personal fitness chains; you probably…
Read MoreDeveloping an ‘IDORP’ for Covid-19 Control
Well, here’s a stroke of luck: a compliance officer I know in the tech sector happened to begin a project at the start of this year — developing an infectious disease response program for his firm. Maybe this CCO had a premonition of the future; maybe he had an inkling that Covid-19 would become a…
Read MoreEight Objectives to Manage Pandemic Risks
Companies everywhere are racing to retool their risk management operations to address Covid-19, and I’ve been on a quest to find as much guidance as possible to pass along to everyone else. The GRC software firm Galvanize (formerly known as ACL) just hosted an emergency webinar to talk about how it’s trying to cope —…
Read MoreOne Compliance Tale in Time of Covid
As we all struggle to understand the new compliance challenges forced upon us by covid, today I pass along an example relayed to me by a compliance officer working in financial services. From nitty-gritty issues of policy and procedure, to substantive questions about risk assessment, my friend told quite the thought-provoking tale. We’ll call my…
Read MoreCovid-19: We’re Missing a Big Thing
The following post has nothing to do with corporate compliance or audit, but it’s something that has been on my mind about the Covid-19 crisis for a while. Read it if you want; if not, skip this post and come back Monday for more coverage related to what we do. Anyway, my issue is this:…
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