Corruption Crime & Compliance How to Conduct an Internal Compliance Site Visit and Review
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Oct 28, 2024 Discover how companies can elevate their compliance programs through internal site visits. Learn the importance of personal interviews to gauge compliance culture and operational risks. Explore the process of reviewing transactions and assessing training programs to ensure ethical standards are met. Hear about the significance of due diligence in vendor relationships and the evaluation of charitable contributions. Tune in for actionable insights that help foster a transparent and ethical workplace.
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On-Site Compliance Visits
- Conduct on-site visits to gain a deeper understanding of company operations and compliance challenges.
- Develop a rigorous process, including checklists, for these visits.
Pre-Visit Preparation
- Gather key internal documents like risk assessments, incident reports, and training records before the visit.
- Secure vendor spend lists, trial balance, and accounting records for transaction testing.
Conducting Interviews
- Schedule interviews with key personnel, including the country manager, finance, HR, and other relevant staff.
- Conduct entry and exit interviews with the key manager, and brief "culture and listening" interviews with other employees.