Compliance Understanding of Business Processes

Compliance understanding of business processes is a critical part of understanding internal controls and a company’s risk profile.  Compliance officers are adept in identifying and assessing risks.  In doing so, a compliance officer can spot a control weakness, a potential risk (e.g. fraud) and develop potential solutions that do not disrupt the business process.  This is the key skill and training of a compliance officer....
By: Michael Volkov

The Volkov Law Group