Monitoring and Auditing
Once a compliance and ethics program is implemented, it’s important to periodically monitor and audit the program to determine what revisions should be made to comply with new laws and regulations or to adjust to a company’s changing culture or operating procedures.
MDO Partners can assist in conducting an independent audit of a company’s program to assess whether each of the program elements are adequate and if the overall program is effective. The results of such audit will identify those areas where the program could be improved to align with best practices. In addition, MDO Partners can provide clients with advice and tools to assist them in conducting their own self-assessment of their compliance programs. Ultimately, it’s not enough to have a mere “paper program” and compliance programs should be regularly modified and updated to ensure they are effective.