Surveys & Benchmarking


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Survey: Lessons from those who weren’t ready for coronavirus

2020-04-02T14:58:00+01:00By

Survey respondents who said their companies weren’t prepared for the coronavirus pandemic said they failed to recognize that the pandemic would morph from a far-away, supply chain disruption issue into a complete business shutdown at home.

Business chaos

Survey: With ethical dilemmas aplenty, compliance in position to lead

2020-04-01T14:27:00+01:00By

The coronavirus has turned everyday no-brainers into ethical quandaries, which makes it all the more critical for ethics to play the role of conscience for the business.

Coronavirus future

Survey: Past crises prepared compliance for coronavirus pandemic

2020-03-31T15:16:00+01:00By

A benchmarking survey from Compliance Week found practitioners weren’t prepared for the specific coronavirus crisis, but that previous crises (think 9/11) left them ready to be leaders during this global pandemic.

Bribe

TRACE: Bribery enforcement down in 2019

2020-03-20T17:32:00+00:00By

Risks in the extractives and aerospace industries are still prevalent, but the number of overall global and U.S. enforcement cases involving bribery dropped in 2019, according to the latest report from TRACE International.

Data money

U.K. AML report: Data analysis of risks lacking

2020-03-20T16:57:00+00:00By

Implementation of risk-based processes and the data analysis that sits behind them are among the biggest weaknesses laid out in a review of AML efforts in the accounting and legal sectors conducted by the U.K.’s financial watchdog.

Cyber locks

Study: Fear of data breaches stifling bank innovation

2020-03-19T15:20:00+00:00By

Research by consultancy firm Accenture shows companies in financial services are more concerned with guarding themselves against the impact of a data breach than realizing any financial benefits of using the data.

PwCcrop

PwC survey: Finance leaders worried about global recession

2020-03-16T20:10:00+00:00By

The potential for the coronavirus outbreak to lead to a global recession topped the list of concerns among finance leaders based in the United States and Mexico, according to a new survey released by PwC.

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Audit client turnover 2019: Deloitte dominates; KPMG, EY, PwC falter

2020-03-10T16:15:00+00:00By

For the fifth consecutive year, Deloitte net positive in new SEC audit engagements while the rest of its Big Four peers saw net decreases in clients, according to the latest annual study from Audit Analytics.

600x400 cco

Six veteran CCOs, 5 questions: Improving your compliance training

2020-02-13T15:50:00+00:00By Compliance Week

Six senior compliance practitioners offer their perspectives on what makes for an effective training program and share tips and guidance for companies looking to enhance their education initiatives.

Fines

Study: Post-financial crisis fines against financial institutions hit $36B

2020-02-11T19:39:00+00:00By

Global fines and penalties against financial institutions hit $36 billion last year, as ramifications from the financial crisis continue to reverberate throughout the financial services industry, according to a new report.

Training

Survey: Lack of adequate funding for compliance training pervasive

2020-02-10T21:06:00+00:00By

If you’re among the practitioners who need more resources to turn your compliance training program into one that is truly effective (and that’s many of you, according to our survey), we have some advice.

RiskLessons

Study: Compliance officers in finance face ‘unnecessary risks’

2020-02-04T20:32:00+00:00By

Compliance officers in the financial services industry face “unnecessary risks” that undermine effectiveness and regulatory goals, according to a new report by the Compliance Committee of the New York City Bar Association.

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Confronting ‘willful intent’ in third-party corruption cases

2020-02-04T20:03:00+00:00By

Even as companies continue to agree to multi-billion-dollar settlements related to the corrupt acts of third parties, managing the risks associated with them nevertheless eludes many compliance departments.

Money

Effective AML training: Four questions to answer

2020-01-30T18:45:00+00:00By Simone Jones, International Compliance Association

There are a multitude of factors that need to be established when determining training requirements. What is clear is that a one-size-fits-all approach doesn’t work.

DecliningStockPrice

Study: Adopting lease accounting could hurt stock prices

2020-01-28T19:21:00+00:00By

A new study from Florida International University professors says retailers such as Urban Outfitters, Foot Locker, and Abercrombie & Fitch—that have a significant use of operating leases—reported abnormal stock returns when they disclosed earnings.

GDPR

Study expects GDPR fines to rise in 2020

2020-01-21T16:22:00+00:00By

DLA Piper’s latest data breach survey suggests the penalties handed out under the General Data Protection Regulation thus far are not as harsh as they could have been—though that could change in 2020.

AuditOpinionFeature

Audit fees level off in 2018, study shows

2020-01-21T15:36:00+00:00By

Public company audit fees remained virtually unchanged in 2018, according to the latest annual study by Audit Analytics.

ProxyVoteStory

Poll: U.S. companies want to respond to proxy advisor voting recommendations

2020-01-15T20:20:00+00:00By

According to a Willis Towers Watson survey, the majority of U.S. publicly traded companies would not remain silent if given the opportunity by the SEC to respond to proxy advisor voting recommendations.

ESG bank

Fitch Ratings: ESG plays increasingly influential role on bank lending

2020-01-08T18:43:00+00:00By

Environmental, social, and governance factors are increasingly playing an influential role in the underwriting processes of global banks, according to a new report released by Fitch Ratings.

Veterans

Four veteran CCOs, 5 questions: The evolution of compliance

2020-01-06T19:31:00+00:00By Compliance Week

With a combined 64 years experience in compliance, these four chief compliance officers reflect on how the profession has evolved over the past decade-plus and what challenges lie ahead.

Tightrope

Top 10 risks to keep executives on their toes in 2020

2019-12-30T18:42:00+00:00By

A new study from Protiviti and North Carolina State University not only highlights those risks companies should keep an eye on in the coming year—it also prompts leadership to explore whether or not they’re taking enough risks.

CCPA

Survey: CCPA still poses compliance nightmare

2019-12-30T18:18:00+00:00By

With the clock ticking toward the Jan. 1 implementation date, Compliance Week and ACA Aponix asked 100 compliance practitioners whether their company would be CCPA compliant by the deadline. Their collective answer? Nope.

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Study: Board diversity, gender pay, political contributions top shareholder agendas

2019-12-18T20:51:00+00:00By

A Conference Board analysis of trends in shareholder voting and activism in Russell 3000 corporations demonstrates more shareholder savvy and creativity in pursuing social and environmental issues.

RisksAhead

AGCS report: Five biggest risks for senior managers in 2020

2019-12-16T19:45:00+00:00By

Allianz Global Corporate & Specialty’s latest report highlights five “megatrends” that will have significant risk implications for senior management in 2020 that should be of interest to compliance officers.

askamii

Ask Amii mailbag: 8 tips for workplace time management

2019-12-10T17:26:00+00:00By

Too many meetings, too little time? In the latest edition of the Ask Amii mailbag, executive coach Amii Barnard-Bahn offers tips on how to reset your corporate calendar and better prioritize your time.

ArrowsUp

Study: Spike in OFAC sanctions pose compliance challenges

2019-12-06T20:04:00+00:00By

Some companies might scramble to comply with more—and sometimes quickly shifting—sanctions requirements as the U.S. government chalks up record enforcement levels.

Lender

U.S. lenders feel confident, but why? Compliance, risk challenges abound

2019-12-06T19:53:00+00:00By

Financial institutions are feeling more confident than ever about their compliance management practices, but they remain concerned about the “moving targets” of regulators, new research shows.

TPRM2

Drowning in third-party risk? Let us throw you a life jacket

2019-12-06T16:43:00+00:00By

You need help managing your third parties, and over the course of two days in San Francisco, we hope to help you find the answers to the questions that keep TPRM stakeholders up at night.

CSR

New benchmark report takes global look at CSR performance

2019-11-26T17:59:00+00:00By

A new benchmark report published by sustainability ratings provider EcoVadis provides a comprehensive analysis of the corporate social responsibility performance of more than 30,000 companies around the world.

PointTheFinger

More companies pointing finger at proxy advisory firms

2019-11-22T15:53:00+00:00By

A new survey from the U.S. Chamber of Commerce and Nasdaq says the number of companies identifying conflicts of interest at proxy advisory firms has almost doubled.

DIgitalUnease

U.S. consumers express unease over personal data collection

2019-11-20T14:57:00+00:00By

A recent survey says a majority of Americans don’t trust data privacy policies and procedures, even while U.S. companies are hastening to enhance them in advance of the California Consumer Privacy Act’s implementation.

Audit committee

Report: Investor confidence in audit committees high; more transparency needed

2019-11-19T21:13:00+00:00By

The 2019 Audit Committee Transparency Barometer indicated investor confidence in audit committee effectiveness was strong (81 percent) and had increased 10 percentage points since the first report was issued in 2014.

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Survey: Compliance struggles to keep pace with mobile, social tech in workplace

2019-11-18T22:11:00+00:00By

A new survey shows the use of personal devices and contemporary communication platforms are par for the course in work settings; yet 45 percent of firms feel they are incessantly behind the eight-ball when it comes to managing electronic message compliance.

SoftwareChoice

Best practices for choosing the right data privacy software

2019-11-18T21:41:00+00:00By

Don’t expect a plug-and-play technology solution to this complex new problem.

Bribe

U.S. trending up in new TRACE matrix bribery report

2019-11-18T19:03:00+00:00By

The latest edition of TRACE International’s annual Bribery Risk Matrix shows many of the same countries named in last year’s report are still struggling with business-related bribery risk. One country on the rise: the United States.

Cyber locks

Proactive approach needed in today’s cyber-crime environment

2019-11-18T15:23:00+00:00By

An expert sheds light on behavioral science-driven solutions that help businesses prepare for a breach before it happens.

Technology maturity

Special report: Maturing in your technology journey

2019-11-18T15:12:00+00:00By

Results of Compliance Week’s second annual technology survey suggest companies are moving along the technological maturity curve in ways that are both quantitative and qualitative compared to last year.

HighVoltageMoney

Survey: Data use, security among top audit risk areas

2019-11-15T17:19:00+00:00By

Research and advisory firm Gartner has released its annual “Audit Hot Spots” report, which reveals the three top risk areas for internal audit teams and chief audit executives in 2020.

Payment card security

Verizon finds payment security declines for 2nd consecutive year

2019-11-14T20:36:00+00:00By

Although the Payment Card Industry Data Security Standard (PCI DSS) launched back in 2004, 15 years later, most organizations still struggle to adhere to it.

WorkplaceIssues

Survey: Workplace equality issues top of mind for European employers

2019-11-14T17:37:00+00:00By

Improving workplace equality is on the list of concerns and priorities for European employers, with many moving to address equal pay and workplace harassment, according to the findings of a newly released survey.

BoardInvolvement

Survey: Board governance issues expanding amid volatility

2019-11-04T19:51:00+00:00By

The role board directors of public companies play in providing oversight and governance around business strategy, investments, and policies—and their focus on emerging issues—has reached new heights, according to the findings of BDO’s 2019 board survey.

Retail privacy

Survey: Consumers OK with retail privacy quid pro quo

2019-10-29T19:27:00+00:00By

Nearly three-fourths of respondents in a recent retail privacy survey said they are willing to share personal data in exchange for better pricing, special discounts, or exclusive offers.

Aravo TPRM

e-Book: Meeting the expectations of the board

2019-10-28T04:55:00+00:00Provided by

An organization is only as strong as its weakest link. As enterprises expand their international reach, the potential for uncovering fallible business associates multiplies.

Boardroom

Study: Shareholder support down for board nominees

2019-10-08T17:19:00+01:00By

The number of board nominees who failed to receive majority shareholder support in the first six months of 2019 reached a five-year high, according to the latest ProxyPulse report.

Money

Study: General counsel pay at five-year high

2019-10-07T19:49:00+01:00By

As the role of the top legal officer at public companies continues to evolve, general counsel compensation has steadily increased over the last five years, according to a new  report.

AIdata

Survey: Compliance execs like AI, but not confident they can harness it

2019-10-02T19:45:00+01:00By

Compliance and procurement leaders see the value in using artificial intelligence, but far too many aren’t confident they have the right skills in place to use it, according to a new report from Dun & Bradstreet.

DeloitteSurvey

Survey: Companies believe they've underinvested in TPRM

2019-10-02T18:00:00+01:00By

A new survey published by Deloitte highlights the latest trends—both opportunities and challenges—in companies’ journey toward a more mature extended enterprise risk management program, one in which third-party risk management is integrated across the firm and led from the top.

AdverseAuditorAttestations

Study: Small firms more likely to report ineffective ICFR

2019-10-01T19:16:00+01:00By DeAnn Orie

A recent study from Audit Analytics that analyzed SOX 404 disclosures in the past 15 years reveals some interesting trends surrounding large and small companies’ internal control over financial reporting.

Enneagram

The Enneagram model: Personality typing can inform your compliance perspective

2019-09-27T14:13:00+01:00By

We put a compliance spin on the classic Enneagram personality typing model to bring you a fun and informative tool for figuring out which of the nine profiles rings most true for you.

David Lefort

‘Inside the Mind’ is our data-driven ode to CCOs

2019-09-26T10:53:00+01:00By

We’re celebrating “Compliance Officer Day” by releasing our first annual “Inside the Mind of the CCO” special report, which is aimed at, among other things, figuring out what motivates and challenges today’s chief compliance officers.