Purpose – The purpose of this paper is to explain how a large UK care‐home group uses e‐learning to ensure that its 4,000 employees, of widely varied backgrounds and academic ability, are fully trained to comply with legal requirements and provide residents with high‐quality care....

Purpose – To describe how the role of the compliance function and the compliance officer originated in the UK, how it has evolved over the past 20 years, how boundaries are defined for the compliance function's areas of responsibility, and how the compliance function is expected to change over...

Purpose – This paper sets out to assess the role of the chief compliance officer (“CCO”), how the CCO performs his/her duties, and how the CCO interacts with the fund's board three years after the adoption of Rule 38a‐1 under the Investment Company Act of 1940....

Purpose – This paper seeks to recommend a way for the compliance function to identify, monitor, and report the risks it faces to the firm's management. Design/methodology/approach – Outlines the principal challenges in setting up a risk reporting system and recommends a three‐phase...

Purpose – The purpose of this paper is to assist investment company managers in proactively navigating the risky and ever‐changing market and regulatory environment and to provide an outline for a flexible and robust risk‐based compliance management methodology. Design/methodology/approach...

Purpose – New regulatory initiatives, principally MiFID and RegNMS, challenge wholesale financial firms to prove that they can provide best execution for their clients. This article aims to outline the background to the problem and suggest that current research into SVM/DAPR applications may...

Purpose – Section 404 of the Sarbanes‐Oxley Act (SOX) of 2002 required companies to report on the effectiveness of their internal controls over financial reporting. Auditors also must attest to, and report on, the assessment of the effectiveness of internal control over financial reporting...

Purpose – This paper seeks to examine whether companies are providing transparent financial disclosures in compiling with the provisions of SFAS No. 142, “Goodwill and Other Intangible Assets”, and to determine whether the adequacy of these disclosures is impacted by firm size....

Purpose – The worldwide market for financial services is evolving rapidly, and is likely to look very different by the year 2010. This study identifies major market drivers and operational challenges that financial institutions will likely face over the next four years and pin‐points the...

Purpose – Corruptive behaviour penetrates the business process itself and permeates the mental attitude of decision makers on all hierarchy levels. This paper seeks to present the special legal situation in Germany as the regulatory environment for business transactions and to discuss the...