Startup business risks and entrepreneurship often go together. After all, building a business involves fulfilling a need with unique solutions, and no solutions can be created successfully without trial, error, and continuous testing. How do you reduce startup business risks in the early stages? Continue reading How Do You Reduce Startup Business Risks in the Early Stages?
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? How can cost of compliance be reduced?
When you hear the phrase “internal control system required by Sarbanes-Oxley (SOX) Section 404?” do you automatically think of policies and procedures? Simply having accounting policies and procedures does not indicate an internal controls accounting system. Well-written accounting controls procedures that document well-defined accounting processes, however, are an important component of the control system you are building. Continue reading What Are Accounting Controls and Processes?
Many businesses have adopted the cloud in their daily operations. Unfortunately, they aren’t always capable of keeping them secure. It is no surprise that many of them suffer data breaches resulting from misconfiguration issues. Many businesses are susceptible to compliance risks and misconfiguration problems. How cloud compliance risks and misconfiguration can affect your business. Continue reading How Cloud Compliance Risks and Misconfiguration Can Affect Your Business
Corrective and Preventive Action are key elements to a Quality Management System (QMS) that is focused on Continual Improvement and Customer Satisfaction. Indeed, any ISO 9001 QMS should have this type of focus, unfortunately many do not. What’s the difference between corrective action and preventive action? Continue reading What’s the Difference Between Corrective Action and Preventive Action?
Leading indicators for safety performance are based on an examination of potential risks as well as past incidents that did not result in injury. This can include history such as observation, unsafe actions, and safety meeting attendance. In contrast, lagging safety indicators only look at past injuries. Leading indicators thus give you the ability to preemptively respond to any potential risks that could result in more serious incidents. What metrics are used to predict safety performance? Continue reading What Metrics are Used to Predict Safety Performance?
We want to implement a quality management system complying with ISO 9001. We divided the ISO QMS implementation project into four distinct phases. First we built the foundation processes, followed by continual improvement process, and the management processes. At this point we have covered how to comply with most of the ISO 9001 QMS requirements. Now we will cover the final phase; complying with the requirements of Clause 8. The final step before ISO 9001 certification is data management. Continue reading Final Step Before ISO 9001 Certification is Data Management
Process occur in each and every business. Some of your process are critical business processes that your company could not be in business without and others are less critical, but may be important. Understanding your risk is a major factor in your company governance, risk, and compliance program. How do you audit your process, demonstrate their effectiveness, and show that you have control when needed? Basically, do company policies exist if they’re not documented? Continue reading Do Company Policies Exist If They’re Not Documented?