The compliance program assessment was designed to measure an organization’s preparedness for complying with new laws or regulations. These programs are crucial for improving the program’s overall structure and effectiveness over time.
Others assessment programs are broader, seeking measurements of effectiveness related to overall issues. Yet a program focused on compliance can pinpoint recommendations, mandatory requirements and strategies while also providing a schedule of deadlines to help companies get the most out of assessments.
In this article, Kristy Grant-Hart discusses the 4 most important steps in any company compliance program. She focuses on the main elements that need to be considered for an effective compliance assessment.