Effective Compliance Certification: Empowering Professionals for Success
What is Effective Compliance Certification?
Effective Compliance Certification is a globally recognized certification designed for individuals involved in compliance. This certification empowers professionals to understand the fundamentals of compliance and helps them shape their competencies and practice industry standards for compliance concepts.
Key Benefits of Effective Compliance Certification
- Global recognition: Individuals owning this certification stand out from the crowd, gain recognition from various organizations, and get hired by organizations that need assistance in compliance.
- Empowered professionals: This certification helps professionals understand the fundamentals of compliance and shape their competencies in this field.
Seven-Element Framework for Effective Compliance Certification
The certification has a seven-element framework that ensures organizations foster a culture of compliance. The seven elements are:
1. Implement Written Policies, Procedures, and Standards of Conduct
- Develop clear policies and procedures
- Establish standards of conduct for employees
- Communicate these to all employees
2. Designate a Compliance Officer and a Compliance Committee
- Appoint a compliance officer responsible for overseeing the program
- Form a compliance committee to support the officer
- Define roles and responsibilities
3. Conduct Effective Training and Education
- Provide regular training on compliance policies and procedures
- Educate employees on their roles and responsibilities in complying with regulations
- Encourage ongoing learning and development
4. Conduct Internal Auditing and Monitoring
- Regularly review internal controls to ensure effectiveness
- Monitor compliance with policies, procedures, and regulatory requirements
- Identify areas for improvement
5. Enforce Standards through Well-Publicized Disciplinary Guidelines
- Establish clear disciplinary guidelines
- Communicate these guidelines to all employees
- Ensure consistent application of the guidelines
6. Respond Promptly to Detected Offenses and Undertake Corrective Action
- Identify and address any compliance breaches promptly
- Implement corrective actions to prevent recurrence
- Document lessons learned
7. Ensure that the Compliance Program is Subject to Ongoing Evaluation and Improvement
- Regularly review and update policies, procedures, and standards of conduct
- Evaluate the effectiveness of internal auditing and monitoring activities
- Continuously improve the compliance program