Custom Writing Service-What role to you see for compliance functions in the next 5 to 10 years in the U.S. legal environment of business?
Think about the information you have read in the compliance websites and about the compliance breach and enforcement action in your article, then answer the following questions (using A,B,C,D,E formatting). Do not use Q&A format. Do not restate the question in your paper.
- Prior to this assignment, did you know the term GRC? After reading the websites listed in this assignment, what is your understanding of GRC today? Did your understanding change? How would you explain the term GRC and the role of compliance to your management team who are unaware of these terms? Does compliance impact all business functions, and if so, how?
- Prior to this assignment, were you aware that compliance is becoming its own industry? Why do you think compliance is becoming a discrete industry?
- What were some of the jobs from the jobs websites you visited? What were the salaries? Do you think a job like one of the listed jobs might be in your future after graduation? Why or why not? Why do you think compliance jobs pay high salaries?
- Assume you take a job after graduation that DOES NOT have ‘compliance’ in the job title. Do you think you will be required to perform compliance activities in that job? Stated another way, who do you think is responsible for compliance? Everyone in the company, or only those persons trained and certified in compliance?
- What role to you see for compliance functions in the next 5 to 10 years in the U.S. legal environment of business?