We emphasize the importance of "understanding the business," in Ethics & Compliance, which is absolutely critical to our success. One of the topics we discuss less frequently is how to work with other control functions, one of which is internal controls.  Lisa is speaking about this topic at the SCCE CEI with Matt Kelly from Radical Compliance. In advance of the conference, Lisa and Ellen Hunt co-hosted a roundtable discussion with Matt Kelly from Radical Compliance, and Sarah Lawrence, Sr. Director of Internal Controls at Pearson. 

In this episode, they discuss the history and purpose of internal controls and SOX, how they evolved and how they work today. In particular, they focus on what is financial materiality vs what E&C sees as areas for controls.

The whole group agreed that open lines of communication and coordination are fundamental to both of these control functions working together, and Sarah and Lisa discuss how they have built a collaborative relationship so that both the finance and compliance sides understand each other's objectives and keep an open line to the benefit of both functions.

#GWIC is proud to announce that it has been nominated for the WomenInPodcastAwards.  This is a people’s choice award and whether you vote for #GWIC or other nominees we ask that you send the elevator back down by voting. Voting opens August 1, 2024, and details can be found on the #GWIC Linkedin page at http://www.linkedin.com/groups/12156164

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