SOX was enacted to protect investors by enhancing the accuracy and reliability of corporate disclosures.
Ongoing training and education for employees are essential for an effective compliance program.
Compliance policies and procedures should be reviewed regularly, typically annually, or when regulations change.
The SEC is the federal agency responsible for enforcing securities laws and regulating the securities industry.
A commitment to a culture of compliance includes transparent communication and support for compliance initiatives, encouraging employees to uphold and participate in compliance efforts.
The compliance officer ensures that the organization stays updated and complies with new regulatory changes.
GDPR aims to protect the personal data and privacy of individuals within the EU.
GLBA requires financial institutions to develop and implement a written information security plan.
A whistleblower reports misconduct or regulatory violations within the organization.
The CCO is primarily responsible for overseeing and managing regulatory compliance within the organization.
A robust internal audit program is essential for monitoring and ensuring compliance within an organization.
