A critical element of an effective compliance program under guidance from the OIG (Office of Inspector General) is to designate a Compliance Officer and establish a Compliance Committee. These roles ensure oversight, monitoring, and implementation of the compliance program. The other options are important for security but are not standalone components of a compliance program.
A compliance risk assessment identifies areas where an organization may be at risk for regulatory or operational non-compliance. It helps prioritize risks, allowing organizations to develop mitigation strategies. While cybersecurity protocols and financial reporting are important, they are not the primary purpose of a compliance risk assessment.
Please select 3 correct answers
An effective compliance training program should include:
Annual, ongoing training on applicable regulations like HIPAA (A).
Role-specific training to address compliance risks unique to employees’ duties (B).
Delivering content in multiple formats to ensure accessibility and participation (D).
Making attendance optional (C) undermines the program’s effectiveness and accountability.
An organization’s commitment to compliance is demonstrated by developing and enforcing disciplinary policies for violations. Such policies hold employees accountable and deter non-compliant behavior. While rewarding employees for reporting concerns (C) can help encourage a culture of compliance, enforcing discipline is a core component of compliance program management.
Auditing and monitoring play a key role in evaluating the effectiveness of a compliance program and detecting potential non-compliance with laws, regulations, or policies. This proactive approach allows organizations to address issues before they escalate. Financial audits and cyberattacks (C and D) are outside the direct scope of compliance monitoring.
