5 Ways Your COI Process Is Creating Risk

Provided by Osprey Compliance Software2020-01-14T09:41:00+00:00

No comments

How does your compliance campaign stack up? Does your compliance campaign monitor conflicts of interest? Research conducted with Fortune 500 companies found the following to be true:

The average cost of noncompliance in 2017 was $14.8 million per company.
The cost of noncompliance rose 45% between 2011 and 2017.
Noncompliance costs are 2.71 times more expensive than the cost of maintaining or meeting compliance requirements.

We’ve compiled a short guide on mitigating risk associated with conflicts of interest. We hope you enjoy.

Downloads

5 Ways COI
PDF, Size 0.13 mb

Osprey Compliance SoftwareOsprey Compliance Software is the premier provider of industry-leading compliance software solutions that meet the needs of any industry. Their products can be configured to meet your unique requirements or those mandated by outside regulation. Regardless of the size of your enterprise, Osprey has a solution that scales from small to tens of thousands of users. Their total commitment to client success has earned them the highest customers satisfaction ratings in the industry.View full Profile

Topics

No comments

Interested in writing for CW?

Compliance Week accepts outside contributions from corporate chief compliance officers and other senior-level GRC practitioners. To learn more, contact the CW Editor.

Premium
Accountancy bodies urge ethical behavior amid exam cheating scandals

2024-04-25T12:50:00Z By Ruth Prickett

Trust in the integrity of corporate finance and auditing is vital, but repeated scandals over exam cheating at the largest multinational firms are denting faith in the system globally.
News Brief
ADM CFO to depart amid accounting probes

2024-04-24T18:42:00Z By Jeff Dale

Food processing company ADM announced Chief Financial Officer Vikram Luthar, who was placed on administrative leave in January amid a probe into the company’s accounting practices, will resign.
Webcast
June 4 | Operationalizing Responsible AI: Developing a sustainable process to effectively manage risk

Provided by PwC

With recent advancements in generative technologies, the integration of AI into business operations has accelerated and thus, the concept of responsible AI has gained critical importance.

No comments yet

You're not signed in.

Only registered users can comment on this article.

More from Thought Leadership

Resource
White paper: Automate to Accelerate: Overcoming Staffing and Compliance Challenges in Cyber Risk Management

2024-04-22T19:00:00Z Provided by LogicGate

Spending countless hours tracking down controls evidence for your audit and compliance activities is an annoyance at best and a major drag on productivity and effectiveness at worst.
Resource
White paper: Quantify Third-Party Financial Risk to Efficiently Address Threats

2024-01-23T16:05:00Z Provided by ProcessUnity

Financial risk is one of the third-party risk management (TPRM) domains most likely to directly harm your organization.
Resource
White paper: Empowering Cybersecurity Governance and Disclosures

2023-12-18T17:45:00Z Provided by BitSight

Do you have a clear vision of what ‘good’ means when it comes to managing governance and your security program? Setting the right targets for your organization is crucial.