The Importance of Adhering to Applicable Regulations in Your Compliance Program
Question
The compliance program should address plans to verify adherence to applicable regulations through:
Answers
Explanations
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A. B. C. D.A
The compliance program is designed to ensure that an organization is adhering to applicable regulations and laws. One key aspect of this program is verifying adherence to these regulations. The question asks which of the options correctly identifies the plans for verifying adherence to these regulations.
Option A states that the compliance program should include ongoing monitoring to evaluate the program, self-monitoring, and corrective action. Ongoing monitoring refers to regular checks of the compliance program to ensure that it is functioning effectively. Self-monitoring involves internal assessments to determine compliance with regulations. Corrective action involves addressing any issues or problems that are identified during ongoing monitoring and self-monitoring.
Option B states that the compliance program should only include self-monitoring. While self-monitoring is an important part of a compliance program, it is not sufficient on its own to ensure compliance with regulations. It is necessary to have ongoing monitoring as well as other measures in place.
Option C states that the compliance program should include periodic reviews. Periodic reviews involve assessments of the program at regular intervals to ensure that it is still effective and up-to-date. While periodic reviews are important, they are not the only measure needed to verify adherence to regulations.
Option D correctly identifies the plans for verifying adherence to regulations. It states that the compliance program should include ongoing monitoring to evaluate the program, self-monitoring, and periodic reviews. This option covers all the necessary measures to ensure that the compliance program is effective in verifying adherence to applicable regulations.
In summary, the compliance program should include ongoing monitoring, self-monitoring, and periodic reviews to verify adherence to applicable regulations. Option D is the correct answer as it covers all these necessary measures.
