At face value, compliance can easily be interpreted as maintaining the status quo, following the rules, and conforming to predetermined and universally accepted norms. And if you choose to believe and adhere to that definition and understanding of the term and the practice, that’s exactly what it will be. But you do have a choice.…
When a casual observer watches a Formula 1 race, they probably don’t think much about anything beyond the experienced and practiced driver handling a very fast car, the best they can. If they do move any further in their analysis, it would be to understand the importance of speed and precision during a seconds-long pit…
A Tale of Two Businesses Consider the following scenarios. Two retail managers each have a chain of locations they are in charge of, with massive amounts of inventory across each chain. One relies on the store manager at each location to ensure that inventory levels are where they should be. So once per month they…
There are aspects of running a business that are viewed by most as necessary evils, but they can be turned into positives with a change in our viewpoint. Compliance falls into this category more often than not. The cost of compliance can be counted in money, time and resources, and these costs can be viewed…
It’s no secret that the world is changing very quickly in the modern digital world, and that fact applies to every aspect of our lives, both individually as well as in the business world. That basic concept is the basis of a great new book called Exponential Organisations by Salim Ismail, which describes how two…
Work Health and Safety procedures that are designed to comply with WHS regulations aren’t optional. If you have a conscience and care about the health and safety of your employees, then this article is for you.
Compliance problems can bring down a business almost as quickly and completely as the controlled demolition of a building, leaving nothing but rubble and destruction behind. This might sound overly dramatic, but it’s essentially true. Compliance regulations come from government, licensing organisations, industry associations, and other bodies which can directly control the way your business…
Regulatory compliance is an ever-growing and evolving landscape that must be navigated. It’s not optional. We don’t have the choice to stay in our own space and ignore what’s going on throughout that landscape, we have to keep moving through it.
For independent auditors and compliance consultants, taking on larger volumes of work can be difficult without the right people and processes to make it work. In a competitive environment, establishing a niche client base that can trust your services is essential.
Peak bodies and industry associations are facing ever-changing and demanding compliance responsibilities. New laws, codes and regulations are making the compliance landscape ever more complex. Jurisdictions and mandatory inspection schedules are also increasing, adding pressure on already limited compliance resources.