As regulations continue toevolve in jurisdictions around the world, corporate boards andsenior managers are paying very close attention to complianceefforts enterprise-wide. Organizations are reviewing proceduresacross business units and geographic boundaries to improvevisibility into their regulatory compliance and mitigate compliancerisks. In this process, though, treasury departments often getshort shrift.

Deloitte recently published a book titled “EnterpriseCompliance: The Risk Intelligent Approach.” Treasury& Risk sat down to discuss the book, and treasury'srole in enterprise compliance, with two of the firm's thoughtleaders: Robert Biskup, director of forensic and dispute services,and Melissa Cameron, a Deloitte principal who specializes intreasury. Biskup previously served as the chief compliance officerfor a Fortune 10 company, and Cameron served previously as acorporate treasurer and a wholesale banker. Both see the treasuryfunction as a key, and often neglected, player in corporatecompliance efforts.

T&R: More than a decade after theSarbanes-Oxley Act brought regulatory compliance to the forefrontfor corporate boards and management, how well are most businessesdoing in the area of compliance?