Compliance Man is back for a new season! Get ready for a EuroTrip with Tom Fox and Tim Khasanov-Batirov on their hit podcast, Compliance Man! Join Tom Fox and co-host Tim Khasanov-Batirov on a Euro trip as they delve into the world of internal controls in Europe, with special guest Alex Movchan, president of the Institute for Internal Controls in Central Europe and chief risk officer at a global medical device company. They discuss internal control strategies and best practices, including SOX and COSO frameworks, the importance of IT general controls, and adapting to changes in the market. The episode also explores the challenges of merging companies with different internal control frameworks, tailoring internal controls to specific country offices, and promoting compliance initiatives to top management.
Don’t miss out on this insightful conversation about compliance and risk management. Tune in to the “Compliance Man: Eurotrip-Internal Controls in Europe,” hosted by Tom Fox and Tim Khasanov-Batirov.
Key Highlights:
- Internal Controls in Different Regions
- Importance of Internal Controls in Emerging Markets
- Compliance Frameworks in Europe
- Updating Internal Control Frameworks in Response to ESG
- Structuring Internal Controls for Decision-making Mechanisms
- Importance of Compliance Officer and Internal Control Collaboration
Notable Quotes:
“Internal controls are the backbone of every compliance program; what we need is to have control over the situation, which means that you have to have internal controls in place.”
“When it comes to private owners and family-owned business, this is like a very different owner to owner.”
“We need to adapt faster as the internal controls professionals and as business managers, we need to update to the changes faster because the ones who update faster, the internal control frameworks, will be on the top of the markets.”
“Half of the companies just don’t know how to start.”
Resources:
Alex Movchan on LinkedIn
Tim Khasanov-Batirov on LinkedIn
Tom Fox
