Preparing For A Successful Accreditation Launch

Question: Why is preparing for accreditation a lot like launching a rocket into space?  Answer: Because they both require system and performance audits.   Let me explain. First, before you attempt to launch a rocket, you need to be sure it will achieve its objectives.  This is done by checking its systems i.e. fuel, navigation, engines, etc. to ensure they…

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How To Be A Compliance Frontrunner

How to be a compliance forerunner

Most businesses compete for customers, revenue and profitability.  A competition that requires ongoing compliance with a growing number of government laws, industry standards and customer requirements.   You may not think of compliance as a competitive advantage but each year thousands of businesses lose ground to their competitors because they fail to adequately manage their compliance obligations. So what…

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Part 3: How To Create A Risk-Based Statistical Compliance Auditing System

In this last article in my 3-part series on statistical compliance auditing, I demonstrate how the statistical methods and sampling tools outlined in Part 1 and Part 2 can be used to create a world-best-practice, risk-based statistical sampling system. Risk-based compliance auditing Risk-based compliance auditing starts with an understanding that some types of non-compliance are more serious than others.  …

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Part 2: How To Optimise Compliance Auditing With An Online Sampling Tool

Business women holding tablet

In Part 1 in this 3-part series on statistical compliance auditing I outline why enterprises should avoid using ad-hoc and rule-of-thumb methods to determine the sample-size requirements for their compliance audits and instead use tried-and-tested statistical sampling methods. I also outlined how anyone with a basic understanding of some simple statistical terms and concepts, and help from an online…

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Part 1: Bigger is Not Always Better When Compliance Auditing

In Part 1 of this 3-part series on statistical compliance auditing, I outline why enterprises should avoid ad-hoc and rule-of-thumb sampling methods and how they can improve the effectiveness and efficiency of their compliance audits by using a simple statistical sampling tool. I also outline why “bigger is not always bigger” when selecting the right sample-size for a compliance…

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How Prepared Are You For A Compliance Audit in 2022?

2021 has been a challenging year.  One, many of us would like to forget.  Given all the disruption caused by COVID-19 this year, business managers would be forgiven for putting their feet up over this holiday period and taking a well-earned rest.  But, as someone famous once said, “life must go on”.  It’s back to business-as-normal in 2022 for…

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10 Reasons Not To Use Spreadsheets To Manage Enterprise Compliance

Where did that damn spreadsheet go?  When it comes to managing enterprise compliance with government laws, regulations and industry standards spreadsheets are simply not up to the challenge. Here are 10 reasons to ditch those inefficient spreadsheets and invest in a secure, purpose-built compliance management solution. Reason 1.  Administration If I had to summarise in one sentence why spreadsheets shouldn’t…

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