Welcome to M.B.A.S.
Corporate Governance and Compliance Professionals...
Compliance and what is it?
- Assessing business risks and establishing a procedure or procedures to handle these risks.
- Writing and implementing these procedures.
- Monitoring that the documented procedures are adhered to.
- Implementing a system whereby staff of all levels can clearly identify a risk and a procedure that is lacking, does not work, or is outdated. Ensuring staff follow the procedures.
- Monitoring Reviewing and updating these procedures.
- Introducing a dairy system to capture any essential dates for lodgement, reporting or other activities.
Compliance and keeping up to date with current legislation is an issue that is both time consuming and costly. It ties up management staff who could be better used in other tasks. However, Compliance is important and it is here to stay.
Compliance and Risk Assessment and Management are two areas that go hand in hand. Once your risks have been assessed and procedures put in place to minimise the risks, it necessarily follows that you will need a compliance professional to ensure that the risks are identified and procedures as documented are actually being monitored.
We offer a full service in compliance systems establishment and ongoing management and control.