Writing procedures is an exercise in controlling compliance costs. You’re trying to comply with customer expectations, management objectives, government regulations, and/or industry standards, making compliance expensive. Regardless of the reason for compliance, wouldn’t you want to write as few procedures as possible if you could still conform to the compliance mandate and keep your compliance costs to a minimum? Continue reading How Do Procedures Reduce Compliance Costs?
The Document Compliance Manager must manage all policies, procedures, work instructions, job aids, and compliance records to assure conformance with various standards and regulations. Continue reading What Are Document Compliance Manager Responsibilities?
The US Securities and Exchange Commission (SEC) started making rules for the utilization of the International Financial Reporting Standards (IFRS) – essentially GAAP and IFRS convergence. The SEC developed a “road map” for the use of financial statements. AICPA has been instrumental in paving the way for the adoption of IFRS. Continue reading How Will IFRS Convergence Impact You?