Conduct a Compliance Program Assessment
Conduct a Compliance Program Assessment
A Compliance Program Assessment is used to assess and document the current state of compliance oversight, management and related risks in a given compliance area.
The assessment will help identify strengths and opportunities within a specific compliance area's compliance program fundamentals including oversight accountability, regulatory reporting requirements, compliance management, compliance risks, and key compliance gaps, along with laying the groundwork to develop a compliance gap closure plan and escalating compliance concerns as appropriate.
Consult with University Compliance to plan, conduct, and finalize your assessment.
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Overview of Compliance Program Assessment Process |
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Stage # |
Stage Title |
Description |
| 1 | Planning | Consult with University Compliance and the lead Compliance Partner to plan a specific compliance program assessment |
| 2 | Interviews | Compliance Partner and University Compliance will coordinate interviews to understand the compliance program |
| 3 | Blue Sheet | Compliance Partner and University Compliance will collaborate to complete the "blue sheet" compliance program assessment tool |
| 4 | Review | Compliance Partner and University Compliance will review the completed blue sheet and conduct a compliance program gap analysis |
| 5 | Gap closure | Compliance Partner will develop a gap closure plan based on the compliance program assessment and submit the plan to University Compliance and their Responsible Executive |
| 6 | Compliance Program Assessment Report | Responsible Executive and Chief Compliance Officer receive the integrated report on the compliance program fundamentals and gap closure plan: University Compliance will risk rank the compliance program (compliance program fundamentals) and the compliance partner will detail outstanding compliance items and gap closure plan |