Are there any other alternatives to ensure compliance with organisational policies and procedures other than internal Audit activity?

Communiquez avec les autres et partagez vos connaissances professionnelles

Inscrivez-vous ou connectez-vous pour rejoindre votre communauté professionnelle.

Next Question:
The audit committee may serve several important purposes, some of which directly...
Posted by:
Moataz Ali Sobhi
25-February-2015

Risk Management Social Compliance Auditing Compliance Audits Compliance Testing

Question ajoutée par Asim Amin , Internal Audit Manager , SACO - Saudi Company for Hardwares
Date de publication: 2015/12/18

Apprécier (0) Vues (0) Suiveurs (2) Réponses (1) Report Question

Ajoutez Une Réponse
Inscrivez-vous ou connectez-vous pour répondre.

1 Réponses

par Jahanzeb Riaz CAMS CAMI CIA , Chief Compliance Officer – MLRO , Index Exchange LLC

Internal and external audits are essentials however in daily business /operations some basic things are very helpful to ensure compliance with policy. We must create and develop solid and flawless controls. Make it sure all controls are working according to policy and procedures. Maker / checker or supervisory checks are most important factor to comply with policy.

Policy awareness programs / trainings / workshops are helpful to educate people to comply with policy.

All mentioned things could be main reasons to evade audit objections and helpful to compliance with policy.

1- Controls.

2- Supervisory Checks.

3- Maker / Checker concept.

4- Policy Awareness Programmes.

5- Reminders regarding policy (Internal circulars / Charts / Lectures).

6- Meetings (Daily / Weekly / Monthly).

7- Tracker maintenance on policy breach.

8- Mandatory Data Management.

9- Open and safe and effective forum for internal complaints.

- Appreciations / Awards / Rewards.