What method can compliance officers use for monitoring and reviewing compliance?

The method of monitoring and reviewing compliance that includes on-site visits and interviews is effective because it allows compliance officers to gather firsthand information about the operations and practices of a business. This approach facilitates direct engagement with employees and management, providing opportunities to assess compliance in a real-world context. Through these interactions, compliance officers can better understand how policies and procedures are being implemented at various levels within the organization.

On-site visits enable compliance officers to observe processes, ensure adherence to regulatory standards, and identify any potential compliance gaps or risks. Interviews offer insights into the culture of compliance within the organization and allow for an exchange of information about challenges and successes. Together, these methods provide a comprehensive understanding of compliance effectiveness that goes beyond what can be captured through reports or audits alone.

This dynamic approach is crucial because compliance is often influenced by human behavior and operational realities that cannot be fully understood through static documents or periodic checks alone. It fosters a proactive compliance culture, encouraging employees to actively participate in upholding compliance standards.