Compliance
In today's environment, the penalties for failing to meet regulatory standards have never been greater. Non-compliance has resulted in significant financial loss and severe harm to the reputations of many organizations.
Now, more than ever, it is vital to operate effective compliance programs. WhistleBlower Security helps you comply with regulatory requirements using a proactive approach. Our services allow you to provide a safe environment for employees to come forward with allegations of wrongdoing and potentially divert serious repercussions for both your company and your personal liability as a Director of a publicly traded company.
We can also help you monitor regulatory developments and identify other issues that you should be aware of. International services are available for global organizations.
Our Regulatory Compliance Services can help you:
- Enhance governance structures that stand up to regulatory scrutiny
- Establish cost effective whistleblower compliance programs
- Achieve objectivity
US
Sarbanes Oxley
Public companies are required by Section 301(4) of the Sarbanes Oxley Act
(4) COMPLAINTS- Each audit committee shall establish procedures for--
(A) the receipt, retention, and treatment of complaints received by the issuer regarding accounting, internal accounting controls, or auditing matters; and
(B) the confidential, anonymous submission by employees of the issuer of concerns regarding questionable accounting or auditing matters.
Canada
Multilateral Instrument
Public companies are required by Section 2.3 (7) of the Multilateral Instrument
(7) An audit committee must establish procedures for:
(a) the receipt, retention and treatment of complaints received by the issuer regarding accounting, internal accounting controls, or auditing matters; and
(b) the confidential, anonymous submission by employees of the issuer of concerns regarding questionable accounting or auditing matters