Bosch's $36.1M Export Control Penalty: A Masterclass in Internal Communication Failures

Bosch's recent $36.1 million penalty for export control violations highlights critical breakdowns in internal communication and information flow, offering a stark lesson for audit and assurance professionals. The case demonstrates how under-resourced compliance functions, misinterpretation of regulatory changes, and a failure to integrate external warnings can lead to significant compliance failures, underscoring the importance of robust COSO-aligned information and communication controls.