CONTINUOUS IMPROVEMENT, PERIODIC TESTING, REVIEW

We assist you to clarify the objectives of the assessment, such as evaluating the effectiveness and efficiency of the compliance program, identifying areas for improvement, and ensuring alignment with organizational goals and regulatory requirements.

We review the key components of the compliance program, including policies, procedures, controls, training, communication, monitoring, and reporting mechanisms.

We evaluate the comprehensiveness, relevance, and adequacy of each component in addressing regulatory risks and promoting a culture of compliance.

We assess the organization’s processes for continuous improvement of the compliance program, including mechanisms for identifying, prioritizing, and implementing enhancements or corrective actions.

We review records of past improvements, feedback mechanisms, change management procedures, and stakeholder engagement to assess the effectiveness of continuous improvement efforts.

We evaluate the organization’s processes for conducting periodic testing and monitoring of compliance controls, activities, and performance indicators.

We review testing methodologies, sampling techniques, testing frequency, and reporting mechanisms to ensure they are robust and effective in detecting compliance issues and weaknesses.

We review incident and non-compliance reporting mechanisms to assess their effectiveness in capturing and escalating compliance breaches, violations, or concerns.

We evaluate the timeliness, completeness, and accuracy of incident reporting, investigation procedures, corrective actions, and follow-up measures taken to address identified issues.

We Evaluate your organization’s training and communication efforts related to compliance awareness, expectations, and updates.

We assess the adequacy of training programs, delivery methods, audience engagement, and feedback mechanisms to ensure they promote understanding, retention, and application of compliance principles.

We review your organization’s processes for conducting risk assessments and updating risk registers to identify emerging compliance risks and prioritize mitigation efforts.

We assess the comprehensiveness, accuracy, and effectiveness of risk assessment methodologies, risk scoring criteria, and risk treatment plans in managing compliance risks.

We document the findings of the assessment, including areas of strength, areas for improvement, and recommendations for enhancing the compliance program.

We develop action plans with clear objectives, timelines, responsible parties, and resource allocations to address identified issues and implement recommended improvements.

We assist you to communicate the assessment findings and recommendations to senior management, the board of directors, compliance officers, and other relevant stakeholders.

We collaborate with stakeholders to implement changes, revise policies or procedures, enhance training programs, allocate additional resources, and address any barriers or challenges identified during the assessment process.

We assist you to monitor the implementation of recommended changes and track progress towards enhancing the compliance program’s effectiveness and performance.

We can support you to conduct regular reviews and evaluations to assess the impact of improvements on compliance outcomes, organizational culture, and stakeholder satisfaction.