Compliance Officers Research Articles

Factor influencing taxpayer compliance on voluntary tax disclosure program initiative: Case of Kenya revenue authority southern region

Tax is the primary source of government revenue, its vital component in running daily government activities. Not collecting enough tax causes the government to strain or stalling of its mandates, therefore its role of every government to mitigate and maximize its tax collection scope. The research sought to investigate the factors influencing taxpayer compliance on voluntary tax disclosure program in Kenya Revenue Authority, case of Southern region. The specific objectives of these research included, to assess the effects of Tax Sanctions on the taxpayer on participation in a voluntary tax disclosure program. To determine the impact of subjective norms of taxpayer participation on the Voluntary tax disclosure program. To evaluate the influence of taxpayer knowledge on participation in a voluntary tax disclosure program. The main challenge that was thematic for investigation, why despite the opportunity to declare asset without punitive punishment, still there is few uptakes for the program. The geographical location of the research was in Southern Region Domestic Taxes department on its six tax office namely; Voi, Mombasa South, Lamu, Malindi, Mombasa North and Diani for the financial year 2023/2024. The study sought to use descriptive approach, where a sample size of 150 was derived from a population of 230 staffs in Compliance Domestic taxes. Data collection was done using online well-structured questionnaire via Kobo-Collect in a random sampling and analyzed using SPSS version 28. To test validity and reliability of the data pilot test was conducted and Cronbach alpha and KMO-test proved data to be reliable and valid. The output of the analysis showed the regression model whose covariates, Tax sanction (t=2.448, P<0.016) subjective norm (t=3.347, P<0.001) and taxpayer Knowledge (t=7.827, P<0.00) were all significant at 95% level. Moreover, the R2 =0.951 which means the exploratory variables explained 95.1% variation of Compliance to the Voluntary tax disclosure. The ANOVA result showed the data was fit to the model was good at (F=942.61, p<0.00). The study concluded indeed, Subjective norms, Tax Sanction and Taxpayer Knowledge influences greatly compliance of Taxpayer towards Voluntary tax disclosure. The research implied that proper use of tax sanction such us fines, penalties, and interest on taxpayers would increase compliance. Also educating taxpayer is essential as the decisions made by some taxpayers depend on the knowledge they have acquired. Also on subjective norms, some behaviors are traceable as some are based on influence of association hence compliance officer need to continuous encourage taxpayer to comply. This research recommends that the authority through the compliance officer, use of subjective norms, Taxpayer knowledge and Tax sanction as a mitigating strategy to mitigate on Voluntary tax disclosure, through this it will increase tax base and revenue mobilization and compliance status of Taxpayers.

The Intention to Use Innovative Compliance Application for Thai-Listed Companies

This study explores the intention to use innovative compliance applications among Thai-listed companies, focusing on a novel technology introduced to companies listed on the Stock Exchange of Thailand (SET). The research employs the Technology Acceptance Model (TAM) as its theoretical foundation, utilizing a quantitative approach. Data from 360 capital market law compliance officers in Thai public companies listed on the SET was analyzed using structural equation modeling. The study identifies four key factors impacting user satisfaction and intention to use the application: perceived ease of use, perceived usefulness, trust, and innovation quality. Results reveal significant relationships between innovation quality, user satisfaction, trust, and the intention to use the application. Findings demonstrate the connection between TAM variables and technology adoption in the legal sector, particularly for capital market law compliance officers. Innovation quality, user satisfaction, and trust emerge as the most influential factors, in that order, affecting the intention to use the application. This research contributes to understanding user perceptions and intentions regarding compliance software, potentially guiding future developments in regulatory technology for Thai-listed companies.

RETRACTION: Fibroblast Growth Factor-2 Promotes Catabolism via FGFR1-Ras-Raf-MEK1/2-ERK1/2 Axis That Coordinates With the PKCδ Pathway in Human Articular Chondrocytes.

D. Yan, D. Chen, and H.-J. Im, "Fibroblast Growth Factor-2 Promotes Catabolism via FGFR1-Ras-Raf-MEK1/2-ERK1/2 Axis That Coordinates With the PKCδ Pathway in Human Articular Chondrocytes," Journal of Cellular Biochemistry 113, no. 9 (2012): 2856-2865, https://doi.org/10.1002/jcb.24160. The above article, published online on 5 April 2012 in Wiley Online Library (wileyonlinelibrary.com), has been retracted by agreement between the journal Editor-in-Chief, Christian Behl; and Wiley Periodicals LLC. The retraction has occurred due to concerns related to the data presented in the article raised by the Office of Research Compliance at Rush University Medical Center following an investigation jointly conducted by Rush University and the Jesse Brown Veterans Affairs Medical Center (JBVAMC). Specifically, image elements of the experimental data in Figures 2, 4 A and 5 C were found to have been used by the same author(s) for publication elsewhere in a different scientific context. The corresponding author, Dr. Hee-Jeong Im Sampen, has been informed of the decision to retract but did not agree with it, as she is confident that any errors in the publication do not impact the reliability of the paper's findings. She also advised the editors that she stands ready to cooperate fully to make any necessary corrections. However, the article is retracted as the editors lost trust in the accuracy of the data and consider the conclusions invalid.

RETRACTION: Development of an Experimental Animal Model for Lower Back Pain by Percutaneous Injury-Induced Lumbar Facet Joint Osteoarthritis.

J.-S. Kim, K. Ahmadinia, X. Li, J. L. Hamilton, S. Andrews, C. A. Haralampus, G. Xiao, H.-M. Sohn, J.-W. You, Y.-S. Seo, G. S. Stein, A. J. Van Wijnen, S.-G. Kim, and H.-J. Im, "Development of an Experimental Animal Model for Lower Back Pain by Percutaneous Injury-Induced Lumbar Facet Joint Osteoarthritis," Journal of Cellular Physiology 230, no. 11 (2015): 2837-2847, https://doi.org/10.1002/jcp.25015. The above article, published online on 9 April 2015 in Wiley Online Library (wileyonlinelibrary.com), has been retracted by agreement between the journal Editor-in-Chief, Robert Heath; and Wiley Periodicals LLC. The retraction has occurred due to concerns related to the data presented in the article raised by the Office of Research Compliance at Rush University Medical Center following an investigation jointly conducted by Rush University and the Jesse Brown Veterans Affairs Medical Center (JBVAMC). Specifically, the journal has been made aware of discrepancies in the reported sample sizes for each of the three experimental groups in Figure 4A, with the indicated numbers exceeding the actual sample sizes. Additionally, image elements of the experimental data in Figure 7A and B were found to have been used by the same author(s) for publication elsewhere in a different scientific context. The corresponding author, Dr. Hee-Jeong Im Sampen, has been informed of the decision to retract but did not agree with it, as she is confident that any errors in the publication do not impact the reliability of the paper's findings. She also advised the editors that she stands ready to cooperate fully to make any necessary corrections. However, the article is retracted as the editors lost trust in the accuracy of the data and consider the conclusions invalid.

RETRACTION: Environmental Disruption of Circadian Rhythm Predisposes Mice to Osteoarthritis-Like Changes in Knee Joint.

R. Kc, X. Li, R. M. Voigt, M. B. Ellman, K. C. Summa, M. H. Vitaterna, A. Keshavarizian, F. W. Turek, Q.-J. Meng, G. S. Stein, A. J. van Wijnen, D. Chen, C. B. Forsyth, and H.-J. Im, "Environmental Disruption of Circadian Rhythm Predisposes Mice to Osteoarthritis-Like Changes in Knee Joint," Journal of Cellular Physiology 230, no. 9 (2015): 2174-2183, https://doi.org/10.1002/jcp.24946. The above article, published online on 5 February 2015 in Wiley Online Library (wileyonlinelibrary.com), has been retracted by agreement between the journal Editor-in-Chief, Robert Heath; and Wiley Periodicals LLC. The retraction has occurred due to concerns related to the data presented in the article raised by the Office of Research Compliance at Rush University Medical Center following an investigation jointly conducted by Rush University and the Jesse Brown Veterans Affairs Medical Center (JBVAMC). Specifically, image elements of the experimental data in Figure 4 A were found to have been used by the same author(s) for publication elsewhere in a different scientific context. The corresponding author, Dr. Hee-Jeong Im Sampen, has been informed of the decision to retract but did not agree with it, as she is confident that any errors in the publication do not impact the reliability of the paper's findings. She also advised the editors that she stands ready to cooperate fully to make any necessary corrections. However, the article is retracted as the editors lost trust in the accuracy of the data and consider the conclusions invalid.

RETRACTION: Basic Fibroblast Growth Factor Accelerates Matrix Degradation via a Neuro-endocrine Pathway in Human Adult Articular Chondrocytes.

H.-J. Im, X. Li, P. Muddasani, G.-H. Kim, F. Davis, J. Rangan, C. B. Forsyth, M. Ellman, and E. J. Thonar, "Basic Fibroblast Growth Factor Accelerates Matrix Degradation via a Neuro-endocrine Pathway in Human Adult Articular Chondrocytes," Journal of Cellular Physiology 215, no. 2 (2008): 452-463, https://doi.org/10.1002/jcp.21317. The above article, published online on 24 October 2007 in Wiley Online Library (wileyonlinelibrary.com), has been retracted by agreement between the journal Editor-in-Chief, Robert Heath; and Wiley Periodicals LLC. The retraction has occurred due to concerns related to the data presented in the article raised by the Office of Research Compliance at Rush University Medical Center following an investigation jointly conducted by Rush University and the Jesse Brown Veterans Affairs Medical Center (JBVAMC). Specifically, image elements of the experimental data in Figure 6 A were found to have been used by the same author(s) for publication elsewhere in a different scientific context. The corresponding author, Dr. Hee-Jeong Im Sampen, has been informed of the decision to retract but did not agree with it, as she is confident that any errors in the publication do not impact the reliability of the paper's findings. She also advised the editors that she stands ready to cooperate fully to make any necessary corrections. However, the article is retracted as the editors lost trust in the accuracy of the data and consider the conclusions invalid.

Growth Through Ethical Role Identity Work: The Case of Ethics and Compliance Officers

Growth Through Ethical Role Identity Work: The Case of Ethics and Compliance Officers

Methodologies and best practices for audit and compliance in governmental financial management

This review paper explores the methodologies and best practices in audit and compliance in governmental financial management. It provides a comprehensive overview of the regulatory framework and standards governing public sector audits, discusses the types of audits commonly conducted, and outlines the typical audit processes. The paper identifies significant challenges faced in governmental auditing, such as limited resources, the complexity of operations, and resistance to change. It highlights the critical role of risk management and technology in addressing these challenges. Furthermore, it emphasizes the importance of ongoing training and capacity building for auditors and compliance officers. The paper concludes by considering emerging trends in the field, such as the integration of artificial intelligence and the emphasis on sustainability. It offers recommendations for further research to enhance the efficacy of governmental audit and compliance practices. Keywords: Governmental Financial Management, Audit Processes, Compliance, Risk Management, Public Sector Accountability.

Industry 5.0 in Manufacturing: Enhancing Resilience and Responsibility through AI-Driven Predictive Maintenance, Quality Control, and Supply Chain Optimization

This integrative literature review investigates the transformative impact of artificial intelligence (AI) on manufacturing, focusing on AI-driven predictive maintenance, machine learning-based quality control, and AI-driven supply chain optimization. By examining current literature, the study highlights AI's potential to automate and revolutionize manufacturing operations, enhancing efficiency, resilience, and transparency. The study's conceptual framework is grounded in three primary pillars: AI-driven supply chain optimization, predictive analytics, and machine learning-based quality control, each contributing to the overall enhancement of manufacturing efficiency, resilience, and transparency. The methodology involves a comprehensive review of scholarly articles, reports, and academic publications, focusing on AI applications in predictive maintenance, quality control, and supply chain optimization. The analysis reveals significant improvements in operational efficiency and resilience due to AI, alongside concerns about biases, transparency, and implementation issues. The findings confirm AI's transformative potential in manufacturing but emphasize the necessity for ongoing supervision, regular audits, and the development of AI models capable of detecting and rectifying operational anomalies. The study proposes creating jobs such as AI Manufacturing Oversight Officer (AIMOO), AI Manufacturing Compliance Officer (AIMCO), and AI Manufacturing Quality Assurance Officer (AIMQAO) to ensure responsible AI utilization, maintaining the integrity and efficiency of manufacturing operations while addressing implementation challenges. The review concludes that AI is promising for transforming manufacturing; however, careful implementation is crucial to uphold operational integrity and resilience. Future research should prioritize longitudinal studies to evaluate AI's long-term impact, focus on addressing implementation concerns, and ensure fair and transparent integration of AI technologies. These findings have significant implications for practice and policy, underscoring the need for robust frameworks and regulatory measures to guide the effective use of AI in manufacturing.

Toward a mapping of compliance risk in banks

PurposeCompliance risk management in the banking sector is crucial because of its multifaceted nature and its potential repercussions on reputation and financial stability. This study aims to present a systematic approach to mapping compliance risks, leveraging the risk self-control assessment (RSCA) method. Integrating quantitative and qualitative assessment techniques and drawing on human expertise and industry best practices.Design/methodology/approachThe authors followed a methodology that involves conducting semistructured interviews with banking compliance professionals and analyzing professional frameworks to gather pertinent information. This comprehensive approach allows to obtain a holistic view of the risks involved and to refine the risk analysis process.FindingsA step-by-step guide to map compliance risk within banks is proposed. The authors offer a rigorous process to enhance compliance risk management practices within the banking sector, providing actionable insights to effectively navigate regulatory complexities and safeguard financial stability.Practical implicationsThe insights from this paper will guide compliance officers and risk managers to better assess and monitor compliance risk within their organizations.Originality/valueTo the best of the authors’ knowledge, this may be the first thorough paper that tackles the topic of mapping compliance risk in banks, from identifying areas of risk to corrective measures after drawing up the risk map, using the RSCA approach.

Evaluating Predictive Financial Analysis Techniques, Impacts, and Challenges in Nigerian Banking Institutions

This study examined the techniques, impacts, and challenges of predictive financial analysis in Nigeria Banking Institutions. The Nigerian Banking Institutions is the life wire of the nation's economy. They play a vital and massive role in the nation's economic development and financial system. The role of these institutions remains a catalyst for a nation's growth and development. Despite the importance of predictive financial analysis in improving financial performance, accurately forecasting financial outcomes, mitigating the impact of financial crises, and making informed decisions, many Nigerian banks still need help to adopt and use this technique effectively. As a result, this study aims to examine the predictive financial analysis, evaluate the techniques, impact, and challenges, and recommend possible solutions that can help address the challenges faced by the banking sector. Methodology: The study adopted a descriptive survey research design. A simple random sampling technique was used to select 7 respondents representing five banks (Access Bank, Fidelity Bank, First Bank, Wema Bank, and Zenith Bank). A self-designed online questionnaire (SDOQ) was used for data collection. The data collected were analyzed using descriptive statistics (percentage). Results: Banks: 2 of the respondents, representing 28.6%, work at Access Bank; 1 of the respondents, representing 14.3%, works at Fidelity Bank; 2 of the respondents representing 28.6%, works at First Bank,1 respondent representing 14.3%, works at Wema Bank and the remaining 1 representing 14.3% works at Zenith bank. Role of Respondents: AHOP, Compliance Officer, Data Administrator, Data Analyst/Analytics, Relationship Manager and Team Lead. Analysis techniques: 3 banks representing 42.9% rely on the time series analysis technique, 2 banks representing 28.6% rely on the Regression analysis technique and 2 banks representing 28.6% rely on the machine learning algorithms technique. Satisfaction Level: 3 respondents representing 42.9% are very satisfied with current predictive analytics capabilities, while 4 respondents representing 57.1% are moderately satisfied with current predictive analytics capabilities. Discussion: The study's findings revealed that the primary challenges faced by banks in implementing predictive financial analysis techniques include data quality issues, regulatory constraints, lack of expertise, and integration with existing systems. Similarly, most banks rely on time series analysis to forecast future financial trends. Conclusion and Recommendations: Based on the findings in this study, it was concluded that the primary challenges faced by banks in implementing predictive financial analysis techniques include data quality issues, regulatory constraints, lack of expertise, integration with existing systems, and others. Similarly, most banks rely on the time series analysis technique to forecast future financial trends. The findings in this study also revealed that respondents perceive the impact of technological advancements to improve accuracy significantly. It was therefore recommended that a robust data management system practice be established to ensure the accuracy and consistency of data. Also, beyond time series analysis, banks should explore other predictive analytics techniques to enhance forecasting accuracy.

Resilient Supply Chains in Industry 5.0: Leveraging AI for Predictive Maintenance and Risk Mitigation

This integrative literature review investigates the transformative impact of artificial intelligence (AI) on supply chain management, addressing the pressing need for efficiency and robustness through AI-driven predictive maintenance, machine learning (ML), and decision support systems. By examining current literature, the study highlights AI's potential to automate and revolutionize supply chain operations, enhancing speed, accuracy, and risk management capabilities while identifying significant challenges such as bias mitigation, algorithmic transparency, and data privacy. The methodology involves a comprehensive review of scholarly articles, reports, and academic publications, focusing on AI applications in predictive maintenance, risk mitigation, and decision-making processes. The analysis reveals significant improvements in operational efficiency and accuracy due to AI, alongside concerns about biases, transparency, and implementation issues. The findings confirm AI's transformative potential in supply chain management but emphasize the necessity for ongoing supervision, regular audits, and the development of AI models capable of detecting and rectifying operational anomalies. The study proposes creating roles such as AI Supply Chain Oversight Officer (AISCO), AI Supply Chain Compliance Officer (AISCCO), and AI Supply Chain Quality Assurance Officer (AISQAO) to ensure responsible AI utilization, maintaining the integrity and efficiency of supply chain operations while addressing implementation challenges. The review concludes that AI is promising for transforming supply chains; however, careful implementation is crucial to uphold operational integrity and resilience. Future research should prioritize longitudinal studies to evaluate AI's long-term impact, focus on addressing implementation concerns, and ensure fair and transparent integration of AI technologies. These findings have significant implications for practice and policy, underscoring the need for robust frameworks and regulatory measures to guide the effective use of AI in supply chains.

Privatization as bureaucratization

Contemporary prison privatization has been the focus of many studies. While most research mainly looks at political factors and practical results, few have explored the organizational impact of outsourcing. Despite privatization being often seen as a sign of liberalization and deregulation, this article uses the French prison privatization example to highlight the connection between privatization and bureaucratization. Based on observation and interviews, this study makes three claims. First, it argues that prison privatization is a changing relationship between public and private sectors, leading to controversy over private accountability. Second, it suggests that outsourcing contracts create a new layer of law with public compliance officers becoming a new form of legal oversight. Third, it shows how these controllers enforce contract terms in their own interest, resulting in an adversarial legal culture between public and private services. The article concludes by suggesting a fresh approach to studying privatization using qualitative methods.

Partners in crime: Convenience case study of Norwegian publishing cartel

The theory of convenience addresses white-collar and corporate crime. The theory is applied in this article to a case study of Norwegian publishing houses having to pay infringement fees because of competition act violation. Cartel members agreed and coordinated a boycott of a distribution channel. This article reviews the research literature on cartels before presenting the convenience case study. Combatting cartels is a matter of reducing the attractiveness and convenience of joining cartels. Guardianship, oversight, and controls are at the core of reducing deviance convenience. Detection is an element of oversight. However, detection is rare, as this case illustrated by email sent by mistake. Combatting cartels is a matter of control at the top of organizations where typically each chief executive officer (CEO) is involved. Therefore, the corporate compliance officer should never report to the CEO but rather to the chairperson on the board and to the external auditor.

Underestimated Challenges for Social Care Initiatives - Regulatory Compliance.

Underestimated Challenges for Social Care Initiatives - Regulatory Compliance.

RETHINKING ETHICAL LEADERSHIP IN THE C‐SUITE

AbstractThe author is a clinical associate professor at NYU Stern School of Business, and the executive director at Ethical Systems. She writes that “behavioral ethicists agree that while leading by example is important, it’s crucial to focus on building employee capacity for ethical decision‐making.” She further contends that “Companies… they must also manage the full spectrum of ethical commitments in practical ways. This poses particular challenges when you’re dealing with an increasingly vocal yet divided workforce.” She also discusses the nuances of sustainability and ESG {Environmental, Social, and Governance} within organizational ethics. Quotes are presented from such experts as Hui Chen, “a former prosecutor who became the first in‐house compliance counsel expert in the US Department of Justice”; Klaus Moosmayer, chief ethics, risk, and compliance officer at Novartis; and Nell Minow, described as “one of the leading corporate governance specialists in the United States.” For instance, according to Chen, “I’ve been baffled by the complete lack of interaction between the ethics and compliance community and the ESG community, because to me they’re really the same thing.” The author concludes: “Organizations don’t just need tone at the top; they need to solicit and support awareness, accountability, and voice at all levels.”

Everything, everywhere, all at once: The impossible mission of compliance officers

This paper explores how the increasing interconnectivity of risks and regulatory interests create new compliance challenges. The paper explains how this causes new challenges for effective compliance risk management, particularly with regard to the definition of compliance risk, which keeps on expanding, and to the growing complexity of determining compliance roles and responsibilities across the organisation. It also offers insights on how AI and technology are actively disrupting compliance operations. As a matter of illustration, the paper considers how non-financial risks such as conduct and environmental, social and governance create cross-enterprise complexities that may be shifting the compliance risk management paradigm. Finally, the conclusion gives practical advice on how the modern compliance officer can stay relevant in a changing world.

The Competency And Awareness Level Of Anti-Money Laundering & Counter Financing Terrorism Risk Judgment Amongst Malaysian Banking Compliance Officers

The Competency And Awareness Level Of Anti-Money Laundering & Counter Financing Terrorism Risk Judgment Amongst Malaysian Banking Compliance Officers

Terrorist financing via the banking sector

Islamist terrorism poses a significant threat to global security. Current prevention measures focus largely on combating terrorist financing in order to hinder terrorist organizations’ ability to pay their fighters and orchestrate attacks, with the aim of weakening their structures. The banking sector in particular is subject to strict regulations that intend to increase transparency and identify suspicious transactions. However, the present study illustrates that the banking sector continues to offer opportunities for terrorist financing. Using a qualitative study of 15 presumed providers of illegal financial services and 15 compliance experts to detail how terrorist financiers abuse the financial system to fund terrorist organizations, this paper has implications for both compliance officers and regulating authorities. In particular, the perceived challenges facing those at the frontline of the banking sector in detecting and preventing terrorist financing are analyzed with the intention to establish avenues for future research and countering the financing of terrorism regulation.

Pravni status službenika za usaglašenost - otvorena pitanja

Legislators only sporadically regulate the compliance function within companies, primarily in the financial sector. The primary task of compliance officers (CO) is to ensure that the overall business operations comply with legal norms. When discussing the potential liability of compliance officers, it is necessary to analyze their legal position within the corporation. The liability of compliance officers should primarily be considered as the employee's responsibility towards the employer. From the perspective of corporate law, the theoretical background should focus on whether compliance officers have a distinct legal status within the company. The authors aim to contribute to the discussion on potential changes in corporate governance, where corporate officers such as compliance officers gain more influence, and to raise awareness of the precarious position of compliance officers under current solutions of both the Anglo-American and Continental European models.