Culture of Compliance and Internal Controls
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One way to encourage a culture of compliance is through internal controls. Evidently SOX has succeeded in putting in place a laundry list of internal controls. Some of these are: independent audit committees; reports signed by management; and increased punishment for offenders. Do you think that a company can achieve this "culture of compliance" if the ethical tone of the company is not set from the top?
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The expert discusses culture of compliance in an organization.
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If the ethical tone of the company is not set from the top, it is very difficult to achieve the culture of compliance because ...
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- BCom, SGTB Khalsa College, University of Delhi
- MBA, Rochester Institute of Technology
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