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Adventures in Compliance

The Case-Book of Sherlock Holmes – Unveiling Compliance Lessons in The Problem of Thor Bridge

In this new season of Adventures in Compliance, host Tom Fox takes a deep dive into the Sherlock Holmes collection The Case-Book of Sherlock Holmes  by Arthur Conan Doyle. It is final set of twelve Sherlock Holmes short stories by Arthur Conan Doyle first published in the Strand Magazine between October 1921 and April 1927. In this episode, we consider the story, the The Problem of Thor Bridge. In this story, Sherlock Holmes investigates a case involving a master jewel thief and Holmes investigative techniques. This story provides several valuable for the 21st century compliance professional by drawing parallels between Holmes’ investigative methodologies and contemporary compliance practices.

In this episode of ‘Adventures in Compliance,’ Tom Fox kicks off a new season by delving into the final collection of Sherlock Holmes stories, ‘The Casebook of Sherlock Holmes.’ This episode focuses on the importance of questioning assumptions, meticulous documentation, objectivity in investigations, and the use of data-driven insights. Additionally, Fox emphasizes fostering a culture that encourages employee whistleblowing and continuous improvement in compliance programs. Sponsored by Ethico, the episode also highlights tools and resources available for enhancing compliance leadership.

Highlights Include

  • The Problem of Thor Bridge
  • Investigative Lessons from Sherlock Holmes
  • Key Principles for Compliance Professionals
  • The Importance of Documentation and Technology
  • Fostering a Speak-Up Culture
  • Proactive Compliance and Continuous Learning

Resources

The New Annotated Sherlock Holmes

Sherlock Holmes FAQ by Dave Thompson

For more information on the Ethico Toolkit for Middle Managers, available at no charge by clicking here.

Check out the full 3-book series, The Compliance Kids on Amazon.com.

For an audio/video version of the Compliance Kids book, Speaking Up is AWESOME, contact Tom Fox.

 

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Categories
Adventures in Compliance

The Problem of Thor Bridge and Monitoring Controls

We are back with another series of Adventures in Compliance podcasts. This week I am exploring stories from The Casebook of Sherlock Holmes. In this week’s second offering, I consider The Problem of Thor Bridge. From this story we take the Holmes utterance “We must look for consistency. Where there is want of it, we must suspect deception”. This informs our discussion on monitoring controls.

Compliance Takeaways
  1. How do you determine that want of consistency? Monitoring controls is one key.
  2. Consider the fifth and final Objective from the COSO 2013 Internal Control Framework is Monitoring Activitiesas a guide.
  3. Further consider Principles 16 & 17 of the COSO Framework.
  4. Monitoring Activities should bring together your entire compliance program and give you a sense of whether it is running properly.
  5. Both ongoing monitoring and auditing are tools the CCO and compliance practitioner should use in support of this objective.
  6. The most important item to note is that all the controls need to be sustainable.
Join us tomorrow as we consider The Adventure of the Creeping Man.