Lack of Resources Cited as Primary Obstacle to Compliance
Crystal Detamore-Rodman · CFA Magazine · 2003
This article addresses the following key points: Designate a project leader: A chief coordinator will keep attention and resources focused on compliance. Software is your friend: Work with a software provider to make technological changes enabling you to more easily meet standards. Think creatively: Whether choosing an internal project manager or outside consultant or verifier, no one will likely meet all of your needs perfectly. You may have to revise some of your recruiting requirements. It takes collective support: From information technology to senior management, compliance requires cooperation from all levels of an organization. Don't automatically rule out compliance: Take time to understand requirements before discounting it as an option.