ARTICLE
2 September 2024

The Significance Of Audit And Monitoring In A Compliance Programme

AC
Ankura Consulting Group LLC

Contributor

Ankura Consulting Group, LLC is an independent global expert services and advisory firm that delivers end-to-end solutions to help clients at critical inflection points related to conflict, crisis, performance, risk, strategy, and transformation. Ankura consists of more than 1,800 professionals and has served 3,000+ clients across 55 countries. Collaborative lateral thinking, hard-earned experience, and multidisciplinary capabilities drive results and Ankura is unrivalled in its ability to assist clients to Protect, Create, and Recover Value. For more information, please visit, ankura.com.
Ankura expert Jean-Michel Ferat authored The Guide to Compliance - Third Edition ‘The Significance of Audit and Monitoring in a Compliance Programme' published by Global Investigations Review (GIR).
United States Compliance

Ankura expert Jean-Michel Ferat authored The Guide to Compliance - Third Edition 'The Significance of Audit and Monitoring in a Compliance Programme' published by Global Investigations Review (GIR).

The guide emphasises the critical role of audit and monitoring functions in designing, implementing, and continuously improving an effective compliance program by identifying risks, ensuring regulatory adherence, and enabling organisations to adapt to evolving compliance landscapes.

Below is the introduction, if you wish to download the entire pdf please do so by clicking here.

Introduction

Internal audit and monitoring functions are important to an organization's ability to design and implement an effective compliance programme. Although each function has a distinct mandate, both contribute to the organisation's ability to understand its compliance risks, tailor its compliance programme to those risks, and continually reassess and improve its internal controls to respond to an ever-changing compliance landscape. Ultimately, the presence, empowerment, and performance of these functions contribute to sentencing and post-event outcomes.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy.

Learn More