Four Key Steps for Successful Audit Management

Increasing complexity in the regulatory environment is driving organizations to seek a holistic and highly integrated approach to manage the entire life cycle of their audit management processes. Try applying the following four key steps for success in Audit Management at your organization: Step One: Audit Planning and Preparation Audit planning involves creating an audit plan which enlists all audits to be conducted…

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How to Ensure Successful Safety Management?

An effective safety plan ensures that when a task is carried out at workplace, every precaution has been taken to reduce the likelihood of an incident that leaves someone injured or worse. Try applying the following Five-Step Safety Plan for successful safety management at your organization: Step One: Safety Audit Perform a comprehensive safety audit to evaluate compliance with the standards and regulations….

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Five Steps for Successful Document Management

Documents carry critical information that helps run your business and serve your customers. Try applying the following five steps for successful document management at your organization: Step One: Evaluate Current Document Management Assess the document lifecycle to evaluate the competence of current document management within the organization. Identify workflows and how documents are created, stored, shared, and managed etc. Step Two: Select a Document Management Software Based on Step…

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How Financial Institutions Can Overcome Fraud and Money Laundering?

Bank regulators are constantly promoting the fundamentals in implementing an effective Anti-Money Laundering Program. However history has shown that banks are having difficulty in implementing a sound Anti-Money Laundering (AML) Program due to numerous reasons such as lack of resources, small oversights or lapses in controls such as KYC or enhanced due diligence processes, customer and third party risks, regulatory scrutiny, and so forth. So how…

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How to Ensure Successful Compliance Management?

In an environment where the global economic recession, demise of major financial institutions, and ever-changing business landscape have led to stricter regulations in major industries and countries around the world, the phrase “Compliance Management” has become an extremely important phrase that can make or break a company. Companies are challenged with the constant addition and modification of thousands of regulations with multijurisdictional requirements and increased…

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