The time has come for a change in continuing education. Pertinent and relevant training that engages and leaves attendees with tools to manage the latest requirements in risk and controls management. Trainers should not be reciting from text books and training firms, large or small, should have a foundation of experienced trainers and consultants that are not merely for hire, but actually part of the company you are hiring. It is time for Verracy!
Most companies don’t start out with a full-time compliance team. Heck, most probably don’t even start with a part-time team. But as an organization grows, eventually it is time to take the plunge.
Tony Joy from Empower Audit Training & Consulting has worked with several companies who have made the transition from a parceled out compliance function to a dedicated one. Not surprisingly, over the years he has found that sooner is better than later when it comes to starting a compliance program.
That doesn’t mean, however, that you need to dive completely in. He recommends a phased approach beginning with leadership buy-in. Then it’s time to get some help, whether by forming an internal team, engaging outside consultants or turning to resources of outside groups like the SCCE.
Listen in to this podcast as he provides some more helpful insights into the formation of a compliance program, as well as the missteps that can leave you farther behind than if you hadn’t started at all.