Compliance Expert Advises Supply and Chain Professionals to "Think Like an Auditor"
Houston, TX, May 12, 2015 (Newswire.com) - One of the biggest challenges companies face is managing content for compliance and auditing. Depending on the size of the organization, hundreds of employees have the capability to contribute content. Making sure the correct documents are recorded and controls are in place are vital components that professionals must prepare for when auditing season arrives.
“In today’s business environment, companies must think like an auditor,” said Michael Adeeko, Managing Partner, Direct Line to Compliance, Inc. “Auditors think from a different perspective than the business being audited. They have several audits to get through, and they don’t want to get too embroiled in any of them.”
"In today's business environment, companies must think like an auditor,"
Michael Adeeko, Managing Partner, Direct Line to Compliance, Inc.
Adeeko says auditors will ask compliance professionals three basic questions during the regulatory examination:
- A sample list of requested documents only.
- A request for separate documents to check the sample against to verify accuracy of your submission (that’s called auditing).
- Justify the method by which you are claiming that you are compliant, or asking for leniency because you are not compliant by your own method.
Adeeko outlined other strategies for regulatory compliance and the importance of finding the right management software at a presentation to the Houston members of the Institute of Supply Management.
Direct Line To Compliance, Inc. is a company comprised of compliance professionals who develop successful methodologies and plans for business efficiencies, team alignment, and compliance programs.