Which method can be used to evaluate compliance program effectiveness?

Conducting regular audits and assessments is a robust method for evaluating the effectiveness of a compliance program because it allows organizations to systematically review and assess how well they are adhering to compliance standards and regulations. Audits provide insight into the functioning of the compliance program, identifying areas of strength and opportunities for improvement. Through this process, organizations can gather data on compliance practices, measure adherence against established policies, and evaluate the outcomes of compliance efforts, leading to informed decisions about necessary adjustments or enhancements.

In contrast, the other methods listed focus on strengthening compliance mechanisms or resources rather than directly evaluating effectiveness. Implementing stricter penalties may deter violations but does not assess how well the compliance program is operating. Increasing the number of compliance staff may provide more resources, but without measurement, it does not guarantee more effective compliance. Standardizing training materials can enhance consistency in training delivery, but it does not directly evaluate whether the training is effective in promoting compliance or whether the program as a whole is functioning as intended.