Regulatory / Compliance
The DPM Practice team has deep skill sets in Governmental Regulatory and Self Regulatory requirements for Public, Private and Non-profit organizations.
We use a ‘Write Once, Use Many’ approach to multi-tiered regulatory challenges:
Each of the regulatory bodies below requires a certain subset of controls and standards from the overall internal control environment of the subject client. In most cases, the subject client has several subsets of regulatory requirements for which they are responsible.
DPM Practice uses a proprietary methodology called The Compliance Solution Matrix to model the regulatory requirement mix of any given subject client. The result of this methodology provides a ‘Compliance Profile’, the path for building, maintaining and monitoring the subject client’s regulatory environment with the most efficient use of resources.
The goal for each of our subject clients’ projects is to meet the ‘Risk Control Premium’ that valuation experts apply to organizations that have sustainable control environments relative to their compliance profile and the reliance factor that external auditors need for attestation on effectiveness of internal controls. This goal provides an intrinsic return on investment that pays off in multiple ways for the subject client.
A recent DPM Practice client put it this way:
“Mr. Ghosn and the DPM Team created an effective, sustainable risk management & governance environment in alignment with our corporate strategy. They helped us design and implement controls for complex processes in Operations, Tax, Revenue Recognition and Disclosure requirements while driving accountability for success through structured communication to the management team. Additional benefits of reduced costs for insurance coverage and audit engagements were also created in this high-value engagement.”
- Chairman, Small-cap Public Corporate Client
The list of regulatory sources below demonstrate the breadth of our subject matter expertise but is not meant to be an exhaustive list of the regulatory compliance sercives we offer:
GOVERNMENT REGULATORY BODIES:
- SEC 1933 Securities Act
- SEC 1934 Securities Exchange Act
- Investment Advisory Act of 1940
- Sarbanes Oxley Act of 2002
- Department of Justice, Foreign Corrupt Practices Act
- Department of Justice, Minimum Sentencing Guidelines
- Department of Commerce- EU Safe Harbor Framework
- Non-profit and NGO regulatory mandates and internal charters
- US Patriot Act: Anti Money Laundering (AML),Know Your Client (KYC), Customer I.D. and Bank Secrecy Act (BSA)
SELF REGULATING BODIES:
- PCI-DSS: Payment Card Industry Digital Security Standard
- ISO Standards: Internal Controls, Quality, IT Security, Banking Protocols
- FINRA: Financial Industry Regulatory Authority
- FASB: Financial Accounting Standards Board
- IFRS: International Financial Reporting Standards
See Internal Controls article written for the AICPA, by Anthony Ghosn of DPM Practice:
