BUISENESS MANAGEMENT
RISK MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Oversight of compliance program
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Establish program
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Review findings, risks and establish corrective actions plans
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Cross-functional task force
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Detailed explanation-1: -Compliance Officers are responsible for ensuring that all corporate processes and procedures comply with the law. And not only the law-a Compliance Officer is also responsible for ensuring that company operations comply with internal standards too.
Detailed explanation-2: -A compliance officer, or compliance manager, ensures a company functions in a legal and ethical manner while meeting its business goals. They are responsible for developing compliance programs, reviewing company policies, and advising management on possible risks.
Detailed explanation-3: -The Compliance Officer is responsible for managing the day-to-day operations of the Compliance Program, and maintaining a program that prevents, detects, and corrects violations to the Code of Conduct, the organization’s policies and procedures, as well as federal and state laws and regulations.