These services may include, but is not limited to, providing the following as called upon:
Compliance management ensures that an organization adheres to the laws, regulations, standards, and best practices that apply to its industry and operations. Compliance management helps an organization avoid legal risks, financial penalties, reputational damage, and operation inefficiencies. Compliance management also enables an organization to demonstrate its integrity, accountability, and social responsibility to its customers, partners, and stakeholders.
A compliance management system(CMS) is a set of policies, procedures, and practices an organization implements to achieve and maintain compliance. A CMS covers all aspects of an organization’s compliance activities, such as identifying and assessing compliance risks, establishing and communicating compliance expectations, providing compliance training and education, monitoring and auditing compliance discipline performance, enforcing compliance discipline, and reporting and resolving compliance issues. A CMS is not a state document but a dynamic and evolving framework that adapts to the changing needs and challenges of the organization and its environment.
Compliance Management System consists of seven elements according to the International Organization for Standardization(ISO).