5 Myths About Compliance Programs (Myth #2)

Compliance is a burden. If we can just eliminate all of the red tape, the American economy will take off. Excessive regulation is keeping the unemployment rate high. We frequently hear these outcries from politicians, television news, and some corporate leaders. This chorus gave rise to and reinforces the notion that compliance forces business leaders to take their “eye off the ball”.

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5 Myths About Compliance Programs (Myth #1)

Compliance programs have always been an aspect of corporate structures. With the passage of the Sarbanes-Oxley Act in 2002 (SOX) and subsequent pronouncements and guidance, especially from the PCAOB, formal compliance programs became a fact of life for all in U.S. publicly traded companies and those companies striving for the day of their IPO. As we near the 12 year anniversary of the passage of SOX, let’s explore 5 myths about compliance programs that have largely precluded most companies from leveraging compliance.

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