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CareNetWest has emerged into an industry that is heavily regulated and must comply with Sarbanes-Oxley Act of 2002 (SOX). Many challenges have been encountered in the establishment of the company. Some of the main challenges include: establishing a solid foundation for regulatory risk processes, enacting pending corporate governance, SOX requirements, and best practices. CareNetWest has recently lost its Chief Risk Officer causing the company to lack the internal expertise to address these challenges. Due to the lack of internal expertise, CareNetWest has decided to consult with experts in the industry to facilitate a strategic plan of action to resolve the issues...
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