Without accurate and up-to-date data, businesses not only risk falling out of compliance and losing their credibility but also face the danger of inefficient internal processes. Businesses risk losing their ability to adapt and their capacity to withstand setbacks, and even more importantly, they risk losing sight of the myriad of details that may make […]
Compliance
4 Methods To Secure Confidential Business Information
In today’s modern world, confidential business data such as customer information, technology integration, future marketing effort, and more are some of the critical business assets. Thus, implementing measures to secure this confidential information may improve your competitive advantage effectively. Failure to do so may mean the loss of key business assets that could affect the […]
Understanding SOX ITGC Compliance
Photo by Flipsnack SOX focuses on the correctness of financial business practices. Financial activities have many features, including information technology. As such, businesses should also have SOX IT General Controls (ITGC) compliance. ITGC is a list of controls demonstrating that an IT department installs and implements the required measures to be SOX compliant. The controls […]
5 Reasons to Hire a Compliance Consulting Company for Your New Business
Most industries are regulated to some extent, but some are more regulated than others. If your business is in healthcare, finance, gambling, alcohol, or another heavily regulated industry, you will know the feeling of hitting barriers everywhere you turn. Not to mention, the facing the consequences if you don’t comply. If you are having trouble […]
6 Ways To Keep Your Business’s Legal Status Safe
Running a business entails a lot of responsibilities. From taking care of day-to-day operations, product research, staffing, marketing, and customer relations, the legalities of your business must also be safeguarded. When it comes to legalities, a business owner has no choice. Unlike business procedures and strategies, which are dependent on the owner’s or manager’s discretion, […]
How to Expand Your Business into a New State
Growth. It’s the reason your business exists, and the only reason it will stick around. When it comes time to serve customers and markets in new states, don’t let legal requirements take the wind out of your sails. Each state has specific requirements for companies doing business within their borders. While every business has unique […]
10 Mistakes Most Small Business Owners Miss When Starting Out
The process of starting a small business can be an arduous one; there are numerous steps that need to be taken—and often in a precise order—to legally establish a business. As a result, the process can be overwhelming. Unfortunately, it’s also easy to overlook some important details and steps along the way. By being aware […]
How to Prepare Your Business for a Compliance Audit
Preparing your business for an upcoming compliance audit is no easy task, and can’t be rushed if you hope to avoid stiff regulator fees. Many business managers and even accounting professionals are nonetheless having a hard time ensuring that their operations are compliant, and don’t know where to turn to for advice in a digital […]
6 Essential Steps to a Successful Workplace Investigation
At some point, complaints or internal problems will arise in the workplace. Many HR, compliance and business professionals don’t receive targeted training on how to conduct a workplace investigation from start to finish. Building a solid workplace investigation can prove invaluable, as the information you may uncover can help build a case to protect your […]
Balancing Compliance with Business Growth
Government and industry regulations are changing the way entrepreneurs do business and this has an important impact on strategic and operational drivers. In today’s environment, the ability to stay profitable while quickly adapting to satisfy compliance is critical. Entrepreneurs tend to take little risk with operations and compliance due to agency oversight, customer demands, and ethical […]
