Why is ongoing monitoring critical in a compliance program?

Ongoing monitoring is essential in a compliance program because it ensures that the program remains effective and aligned with current regulations as well as organizational policies. Compliance is not a one-time effort; it requires continuous assessment and adjustment to address changing laws, industry standards, and internal procedures. By regularly monitoring compliance activities, organizations can identify potential areas of risk, areas needing improvement, and ensure that policies are being followed correctly. This proactive approach helps in maintaining integrity, accountability, and adherence to the compliance framework, which is crucial for mitigating legal risks and fostering an ethical organizational culture. Engaging in ongoing monitoring also equips organizations to respond swiftly to any compliance breaches or misunderstandings, thus supporting sustainability in compliance efforts over time.