Episode 53 — How to Test and Evaluate Your Compliance Program
An effective compliance program requires that companies review and improve their compliance programs. A company should regularly review and test its controls, and address potential weaknesses in its compliance program. The Justice Department and the SEC have encouraged companies to conduct regular tests and reviews to create a sustainable compliance program. Companies should design and implement a proactive evaluation program to ensure that their compliance program continuously improves.
In this episode, Michael Volkov discusses strategies for companies to conduct proactive evaluation programs to assess their compliance program.