How frequently should a compliance program be reviewed for effectiveness?

A compliance program must be reviewed regularly to ensure its effectiveness, particularly in light of evolving regulations, organizational changes, and emerging risks. This ongoing evaluation allows for the identification of potential weaknesses and areas for improvement, ensuring that the program remains relevant and robust in addressing compliance obligations.

Regular reviews enable organizations to adapt their policies and practices in response to new laws, regulatory guidance, and industry best practices. By maintaining a proactive approach, organizations can better mitigate risks, enhance their compliance culture, and ultimately support their operational integrity. Continuous engagement with compliance standards is critical for fostering an environment where ethical behavior and compliance are prioritized, helping to prevent potential issues before they arise.