MyComplianceOffice Blog

Violations are a sensitive area for any firm. No one wants to deal with compliance issues. The reality for compliance officers, however, is that someday, something will happen. How you handle the issues – how you identify them, mitigate them and analyze them – reflects the strength of your compliance program.

 As part of the audit process, regulators expect you’ll have quick and easy access to your compliance data. How promptly and thoroughly you can provide the information that auditors request sets the stage for how the regulators will perceive your entire compliance program.

During the webinar A Compliance Officer’s Crystal Ball – One Practitioner’s Predictions for 2021, Compliance Expert Mark A. Egert joined me for his take on what will be the most important compliance concerns of the upcoming year.

Mark also answered some excellent questions during the presentation, and there were a few more that we couldn’t get to because of time. I wanted to take a moment and recap of few of the questions and answers.

Getting buy-in from key stakeholders in your organization is a critical part of a successful software purchase and implementation process. With budgets tight and resources limited, how do you make the case for your organization to invest in compliance technology?

It all starts with telling the right story within your firm.