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You are viewing ARCHIVED CONTENT released online between 1 April 2010 and 24 August 2018 or content that has been selectively archived and is no longer active. Content in this archive is NOT UPDATED, and links may not function.Extract from article by Brian Benjet, Michael Hynes, and Brett Ingerman
In light of DOJ’s recent guidance, most companies understand that “paper” compliance programs are no longer enough to protect a company when a regulator comes knocking. Companies are under increasing pressure to demonstrate to both the Audit Committee and, if necessary, regulators, that their compliance program is operational and effective.
But how do you really measure your program’s effectiveness? A simple approach: leverage what your company is already doing by repurposing some quick, accurate tools you probably already have in place.
These tools can be used to quickly and accurately evaluate the effectiveness of your compliance program. It should go without saying, but the more tools you use, the better.
Read the complete article at: How well do you know your compliance program? 6 simple tools