It’s bad enough trying to control your own employees, and those of your agents (and vendors). But how do you control the employees, agents, and vendors of your various affiliates and ventures? Do you all have the same Code of Conduct? The same policies on a whole host of sensitive matters?
“KPMG Scandals Stay Local,” The Wall Street Journal, March 8, 2018 B10. KPMG deals with alleged non-compliance at three international affiliates involved in auditing.
Does a client know the difference? Do you ask prospective consultants about the compliance history of the larger firm? Do you exercise enough control to also get liability?