Forensic Focus on COVID-19
Opportunities to enhance compliance programs while working remotely and with reduced budgets
The new environment posed by the pandemic may create heightened and/or different risks.
Companies continue to face significant financial, operational, and strategic
challenges as a result of the novel coronavirus (COVID-19) pandemic, and such
challenges are likely to persist at least for the near term. Compliance teams in particular face specific challenges on each of these fronts. From a financial perspective, many companies will be tightening their belts, reducing compliance budgets, reallocating resources to meet current and near-term needs, and otherwise weathering the slowdown. From an operational standpoint, compliance reviews and assessments will largely have to
be performed remotely, with international travel, site visits, live interviews, gathering hard-copy documents, and other typical steps on hold.