A compliance program is used for?

[niyati]

I’ve heard companies talk about having a compliance program, but I’m not sure what it actually does.

 

[maria]

An organization can make sure it complies with laws, rules, and internal policies by implementing a compliance program. It promotes moral behavior and reduces financial and legal risks by assisting in the prevention, detection, and correction of non-compliance.

 

[Gaurav]

A company's internal policies and processes implemented to adhere to laws, rules, and regulations or to protect the company's reputation are known as a compliance program. A compliance team studies government regulations, develops a compliance program, executes it across the organization, and ensures program adherence.