초록 열기/닫기 버튼
Companies can develop serious regulatory and legal problems when they have breakdowns in internal controls. The pain of non-compliance and recent high profile compliance failures have caused companies to budget more money to proactively address those types of problems. Compliance programs are a species of internal controls, typically a tailored set of devices to meet externally-imposed non-financial mandates. Even though our Country has introduced internal control system and compliance program, however, the system and program are lack of understanding about the system and program are in a state of drift because of CEO's lack of understanding about those and loop holes in the law. This article makes a study on the problems and solutions of internal control system and compliance program. First, with regard to the scope of internal control system and compliance's role, internal control system can be devide financial and non-financial controls, to manage risk and compliance can be comprised in non-financial control. Second, the management should approve the compliance program as a protective device than to accept as a restraining device. Third, efficient compliance program can be secured through the compliance officer's independence and expertise. Fourth, an objective standard for the role of compliance officer and an audit or audit committee should be showed. Fifth, compliance must have the position and situation who can cope with external or internal pressure. Sixth, it is necessary to make adopt compliance system by compulsion, but it is desirable to use the way which the corporation established compliance program can be remitted a fine. Seventh, the education for compliance program should be expanded, and the educated must be given preferential treatment. Eighth, the man or woman, who resigned but five years have not passed since then, can be a compliance officers. Finally, internal control system and compliance program should be applied flexibly after consideration for the scale and situation of corporation.
Companies can develop serious regulatory and legal problems when they have breakdowns in internal controls. The pain of non-compliance and recent high profile compliance failures have caused companies to budget more money to proactively address those types of problems. Compliance programs are a species of internal controls, typically a tailored set of devices to meet externally-imposed non-financial mandates. Even though our Country has introduced internal control system and compliance program, however, the system and program are lack of understanding about the system and program are in a state of drift because of CEO's lack of understanding about those and loop holes in the law. This article makes a study on the problems and solutions of internal control system and compliance program. First, with regard to the scope of internal control system and compliance's role, internal control system can be devide financial and non-financial controls, to manage risk and compliance can be comprised in non-financial control. Second, the management should approve the compliance program as a protective device than to accept as a restraining device. Third, efficient compliance program can be secured through the compliance officer's independence and expertise. Fourth, an objective standard for the role of compliance officer and an audit or audit committee should be showed. Fifth, compliance must have the position and situation who can cope with external or internal pressure. Sixth, it is necessary to make adopt compliance system by compulsion, but it is desirable to use the way which the corporation established compliance program can be remitted a fine. Seventh, the education for compliance program should be expanded, and the educated must be given preferential treatment. Eighth, the man or woman, who resigned but five years have not passed since then, can be a compliance officers. Finally, internal control system and compliance program should be applied flexibly after consideration for the scale and situation of corporation.
키워드열기/닫기 버튼
internal control, compliance, compliance officer, risk management, financial control, non-financial control, ERM
