A Sustainable Approach to Compliance
By Daniel Rabanales, Marketing −
Bad attitudes about compliance can lead to costly audit failures and mistakes. Employing a consistent approach to compliance can rectify some of these attitudes.
Most organizations need to follow rules and regulations established by governmental bodies. The methods through which this is accomplished are generally time consuming and expensive.
Many organizations consider compliance too costly when compared to the benefits. The focus therefore rests on completing the compliance audit, instead of on the intent of the compliance program — to reduce enterprise risk.
Organizations can become more effective if they have the right systems in place and if they overhaul their attitudes regarding compliance.
Attitudes to Overcome
The purpose of compliance is to reduce risk in an organization, making it a necessity. When compliance is only addressed once a year, organizations lost sight of that purpose, leaving them feeling burdened and even indifferent when they have to deal with it.
Having a negative attitude towards compliance impacts the manner in which organizations meet the requirements. With such negativity in place, organizations often become hesitant to improve their process of complying and instead turn to inefficient and outdated methods of storing, managing and accessing information.
Organizations that don’t have a company-wide standard during the year of how systems should adhere with compliance programs leave the company in factions of opinion about compliance, making it nearly impossible to keep track of everything during audit season.
So, is there a way to transform these attitudes?
Making Compliance a Daily Event
The answer lies in making compliance a continuous process, not a sporadic, isolated event once a year. Compliance in an organization tends to increase at the time of an audit and decrease after it. Approaching compliance in a continuous way will steadily strengthen it over time.
The key to achieving this level of continuous compliance is to take an approach that includes collaboration between each key player in an organization that makes him or her accountable throughout the year. This approach will enhance the ability of an organization to detect weaknesses and promote transparency.
Conventional compliance tools are insufficient for such a continuous approach. EyeDetect™ is the newest development in lie detection and has been employed with 85 percent accuracy. It is completely non-intrusive and requires only that the subject sit at a designated computer that measures eye behavior as they answer questions. If used in organizations, deception detection technology could play a significant role in continuous compliance. EyeDetect could make all the difference by holding key players accountable throughout the year.
