Unfortunately, I was unable to join my colleagues and friends – Robert Meunier, Gunjan Talati and Scott Davidson – in their live stream last week regarding “Suspension and Debarment Pitfalls.” I was able to listen in live, however, and was impressed with the knowledge and information shared with the audience.
In general, the discussion covered current trends in suspension and debarment, the basics of suspension and debarment and how the process works, as well as top internal control issues and how one might avoid becoming suspended or debarred. Of course, if this is an issue that’s relevant to your business, you’ll be best served by watching the entire video.
While the highlights are too many to articulate in one blog post, some of the key takeaways include:
- The fact that suspensions and debarments are on the rise and something we’re likely to see continue. After all, all politicians, whether Republican or Democrat, consistently agree on the need to curtail waste, fraud and abuse.
- One way to help minimize the chances of becoming a suspension or debarment statistic is to institute a compliance program that becomes part of the organization’s culture.
- A good way to think of this is to create a program that, with respect to misconduct and noncompliance, seeks to deter, detect, report and respond.
- Moreover, Robert and Gunjan explained key elements for responding to a notice of suspension and/or debarment, including the critical need to respond and explain the circumstances surrounding the concern.
In addition to Robert and Gunjan’s thoughts on the importance of creating and implementing a compliance program, I want to add and emphasize the importance of doing this before misconduct and noncompliance arise. Indeed, the government will judge the responsibility of an organization not only based upon its response to an issue, but whether the organization was prepared and took affirmative steps in advance of misconduct or noncompliance in order to deter or detect such issues. Perfection is often unattainable, but the government wants to see that an organization made an attempt to address compliance issues and how it then handled those issues.
A truly great event, and in addition to Robert, Gunjan and Scott, a big thank you should also go to all of those who participated both live and on the web. The questions asked really helped to flesh out many of these issues.
Help minimize the chance of suspension & debarment by making your compliance program part of your culture Tweet This
If there are questions we didn’t answer in the podcast, feel free to ask them on this D&B B2B Facebook post. The team at Dun & Bradstreet will be monitoring the post closely and providing answers to questions as appropriate or guidance on how to find answers, where appropriate.
You can learn more about the speakers here:
As well as the event hosts:
Related D&B B2B Podcasts:
Photo Credit: annie29, Twenty20