Compliance Program – 10 Steps

10 Steps to a World Class Compliance Program

A Compliance program, or a lack of one, is now putting CIOs and CSOs under a great deal of scrutiny not only from their executive management but also from a range of governmental and industry regulatory bodies. Janco has created a ten step program that helps them address compliance issues directly. The program, when used in concert with Janco’s Compliance Management products gets them in front of the issue.

Organizations are continuously looking for help in preventing fraud and protecting sensitive information. The fact that key corporate executives carry personal liability in the event of non-compliance virtually ensures compliance to be a key initiative in any large organizations. Additionally, there are other internal cost-containment requirements that can be effectively met by defining and implementing a sound auditing and compliance methodology. Most corporations agree that compliance leads to better corporate governance and management.

The ten step program Janco recommends consists of the following:

  • Implement a Security Officer Position – see the CSO job description
  • Conduct a compliance risk assessment – see Audit Program
  • Document
  • Know the operating environment
  • Prepare for Incidents
    • Prevention
    • Detection
    • Correction
  • Expect the worst to happen
  • Control media and electronic files
  • Train users
  • Log and audit
  • Clean up old data and system
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Author: Victor Janulaitis

M. Victor Janulaitis is the CEO of Janco Associates. He has taught at the USC Graduate School of Business, been a guest lecturer at the UCLA's Anderson School of Business, a Graduate School at Harvard University, and several other universities in various programs.