Letter Sequence Patterns Quiz

Detailed Content Outline

• Standards, Policies, and Procedures: Ensure compliance and ethics policies exist (e.g., non-retaliation, record management, conflict of interest, privacy). Maintain these policies, consult relevant resources, and align policies with organizational mission, vision, values, and codes of conduct. Ensure policies address regulatory requirements and interactions with third parties. Document the compliance and ethics program, and address specific risk areas. Maintain compliance and ethics governance policies.

Compliance and Ethics Program Administration

• Maintain a compliance and ethics activity reporting system to internal governing bodies (e.g., board of directors, audit committee) and senior business leaders (e.g., CEO, CFO). Coordinate operational aspects with management (e.g., oversight committee). Collaborate internally and externally to implement best practices. Maintain knowledge of relevant laws and regulations. Apply laws to organizational needs; ensure credibility and integrity of program. Recognize the need for outside expertise, and ensure the governing board understands their responsibilities. Define counsel's role in the compliance and ethics process. Manage resources (financial and personnel). Integrate program into business operations. Develop an annual compliance and ethics plan.

Communication, Education, and Training

• Disseminate information on emerging risk areas; communicate compliance and ethics throughout the organization. Develop targeted training (risk-specific, orientation, remedial). Evaluate the effectiveness of training. Ensure employees are aware of obligations to report misconduct, and their job-specific compliance and ethics responsibilities. Promote a culture of compliance and ethics. Ensure compliance and ethics personnel participate in ongoing professional development. Track training participation. Ensure compliance and ethics training for board members, employees, vendors, and other agents. Train responders to compliance/ethics inquiries. Manage training delivery.

Monitoring, Auditing, and Internal Reporting Systems

• Protect anonymity and confidentiality in reporting systems; publicize the reporting system. Monitor for organizational misconduct (e.g., legal, regulatory, policy violations) and ensure systems enable employees, vendors, and third-parties to report and seek advice. Assure responses to reported concerns and compliance-related activities are monitored. Analyze audit results (e.g., track, evaluate, benchmark) to address any issues arising from external audits and internal compliance/ethics audits. Evaluate the effectiveness of the program on an ongoing basis.

Investigation and Response, Discipline, and Incentives

• Ensure discipline proportional to violations and consistent across the organization. Document recommended disciplinary actions. Encourage compliant and ethical behavior; recommend incorporating compliance and ethical metrics into performance evaluations. Assure compliance with non-retaliation policies. Report validated instances of noncompliance internally. Develop and track corrective action plans. Engage qualified resources for investigation needs. Respond to internal or governmental inquiries and investigations. Coordinate investigations involving privileged information to maintain relevant privacy (e.g., attorney-client privilege.) Participate in misconduct prevention system development.

Risk Assessment

• Secure a scalable and timely risk assessment methodology. Conduct periodic compliance and ethics risk assessments across the organization; integrate risk assessment into various business units. Prioritize organizational compliance risks. Ensure management action plans are developed and executed based on assessment findings. Communicate risk assessment findings to management and the board. Ensure due diligence is performed on third parties, as well as management involvement in the process.