Close

Are you in compliance?

Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.

×

Status message

Start your free, no obligation 5-day trial to continue exploring with full access.

The role of the controller in business ventures

Tom Fox | August 15, 2018

One area not often considered by the chief compliance officer as a key part of any compliance regime is the corporate controller. The controller generally has the responsibility to accurately record and report company financial transactions; to design, implement, and execute the financial processes and controls so they are both effective and efficient; and to safeguard all financial assets.

This means that not only can the controller be one of the compliance function’s strongest corporate allies, but by nature the role works to operationalize compliance. This is because to implement the appropriate internal controls around compliance, the controller must know the specific requirements of the Foreign Corrupt Practices Act and know what kinds of issues are likely to come up that might create a risk of bribery and corruption, which all leads to an appropriate understanding of the appropriate compliance internal controls to implement. 

Another area on a controller’s radar...

Read this single article for $49, or click the subscribe button below to review subscription options.

Enjoy unlimited access to thousands of articles, browse five years of digital magazines, qualify for reduced admission to events, and more.