Case in point: Corporate Compliance

shopping cartClient situation: An international consumer products company retained Grant Thornton to conduct an ethics and compliance program design assessment. The client was interested in gaining a deeper understanding of the current design of its ethics and compliance program and how its program aligned with legal requirements, guiding frameworks and other leading practices. The client was also interested, as part of this project, in gaining better understanding its top ethics and compliance risks.

mobius purple iconResponse: Grant Thornton conducted an ethics and compliance program design assessment, following our established methodology and by leveraging our proprietary compliance program framework. As part of our collaborative approach, the team collected and analyzed a vast amount of documentation, interviewed 20 executives and leaders, conducted supplemental research, and performed in-depth comparative analysis between the client’s program and the firm’s program framework.

clipboard check purple iconOutcome: Based on our analysis, the team developed a report that set forth meaningful observations and proposed levels of programmatic maturity, and outlined actionable and realistic considerations for enhancement. As part of the deliverable, the team also identified approximately 25 ethics and compliance risk areas (e.g., bribery and corruption, environmental compliance, quality, mergers and acquisitions, etc.) that were relevant to the client, of which six risk areas were determined to be a top priority moving forward. Following the assessment, the client asked the Grant Thornton team to move to phase two, which involved conducting a deep dive risk assessment into each of the top six risk areas and developing risk mitigation action plans.

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