Compliance in a corporate environment is something that shouldn't be ignored or hashed out without thought. Corporate compliance ensures that your company can compete with similar businesses and ensures you are on the same page. An effective corporate compliance program requires taking several steps that get you in line with the expectations in the industry. The following steps in this list will showcase how you can create an effective corporate compliance program for your business. They will outline the core concepts behind this process and explain why they matter. With this … [Read more...]
FCPA Compliance Checklist – 5 Things You Need to Know
Governments have created laws and legislation to protect our rights and to prevent unethical practices. The Foreign Corrupt Practices Act (FCPA compliance) appeared in 1977, in some respects, to do both. The law affects any company that sells products or performs services outside the United States of America. To conduct business from American soil in other countries, you are required to abide by FCPA Compliance guidelines. The responsibility rests with your company to conduct their business following the guidelines written in the law. Here are five things you need to know about FCPA … [Read more...]
HMDA Reporting Guide – 17 Steps on How to Comply with It
Most people follow ethically acceptable standards in all their business dealings. Unfortunately, there are situations where bias and prejudice can present a problem. One of those areas in the United States fell upon financial institutions entrusted with lending money to purchase real estate. This goes by the name of HMDA reporting. To ensure that fairness in mortgage lending was uniform across the country, Congress established the Home Mortgage Disclosure Act. First, we will present you a very brief overview of the legal aspects of the law, followed by 17 important steps on how to comply … [Read more...]
What Is PCI Compliance & How to Implement It
There are some people who still insist on paying the old-fashioned way, with cash. If you purchase anything using a credit card, you are most likely aware that thousands of cardholders have had their data stolen by unethical hackers. For this reason, there are standards, which businesses that offer credit card payment as an option must follow. Consumers have the assurance that a business is working to protect their valuable information by adhering to Payment Card Industry, PCI compliance mandates. What Is PCI Compliance? All major credit card issuers must adhere to the Payment … [Read more...]
What Is a Vendor Management System & Why Do You Need It?
In today's marketplace procuring a staffing service is often the most cost-effective way for your business to fill certain essential positions. When your company has to deal with a lot of external employee hiring, problems with the inefficient use of resources can prove counterproductive. That's why a vendor management system is important to have. A vendor management system (VMS) reduces the number of person-hours your human resources staff must expend searching the external labor force. It is the perfect solution for your company to handle the complexities of the staffing process. When … [Read more...]
What Is a Compliance Manager and What Are Their Responsibilities?
To be successful, companies need to follow both legal and ethical guidelines for conducting their business. When there are problems, practices that compromise adherence to laws or breach the standards for ethical treatment of customers, it can put the business in jeopardy. Serious infractions of compliance can result in heavy legal consequences, such as fines or even criminal charges filed against employees. Both legal and ethical issues can quickly destroy a company's reputation. Here is where a compliance manager comes in. Violations of laws and ordinances can put a company in a … [Read more...]
The Best Compliance Solutions Companies in the US
Put simply, compliance is achieved by implementing guidelines and specifications dictated by a body of standards. By conforming to a set of rules, organizations ensure they are following relevant laws, policies, and regulations. Although the complexity of these regulations varies according to each particular industry or field, becoming compliant is always a daunting task. Luckily, there are certain compliance solutions companies that offer effective services, relieving much of the pressure. Through a variety of services, compliance solutions companies help an organization coordinate … [Read more...]
What Is SOX Compliance and How to Apply It
In areas like accounting and finances, compliances exist to provide a set of standards that organizations should continuously work towards meeting. These standards consist of laws, policies, and regulations created to protect the interests of society at large. With the objective of protecting shareholders and the general public from malpractices in an enterprise, SOX compliance is no different. It does its job by requiring publicly held companies to establish and enforce internal control procedures to reduce corporate fraud. Even though SOX compliance applies to the entirety of an … [Read more...]
How to Use the ADA Compliance Checker to Make Your Site Accessible
The United States Senate has strengthened the legal protections available to disabled people with their 2010 expansion of the Americans with Disabilities Act, or ADA. This includes ADA compliance checker. Their recent codicil made clear one thing. The law required that all "public accommodations" offered by a business must be available to Americans of every ability level. Also, you need to design your websites and computer access with provisions for use by the handicapped and disabled. Information technology manufacturers and providers must now work together to allow Americans with … [Read more...]
ISO 14000 – Respecting It Means Caring for the World Around
Environmental pollution has an adverse impact on the environment. Thus, ISO 14000 took form to help organizations meet environmental conservation standards. ISO 14000 are environmental management guidelines that target organizations wanting to improve the environment voluntarily. The environmental management guidelines help organizations to plan and comply with environmental protection standards, check and mitigate environmental measures, implement ISO 14000 into the corporate culture, and commitment to continuous improvement of an organization’s environmental management system. This … [Read more...]