Wednesday, April 1, 2009

Policy & Procedure Tactics

Promote commitment to compliance through developing and living by compliance policies and procedures, focusing on specific areas because of of audit findings or other new requirements.

1. Baseline Policies: Review existing policies, creating an initial list of baseline compliance policies that will be maintained.

2. Issue-Specific Policies: See if there is a need to create any new issue-specific policies.

3. Existing Non-Compliance Policies: Which existing noncompliance policies should be reviewed for compliance with legal people?

4. Annual Policy Review: Each year review all compliance policies and procedures and determine whether any of the policies require revisions or updates.

Prepare the first draft of baseline and issue-specific compliance policies and procedures, as well as revisions to existing policies. Then, submit the first draft of the policies for appropriate approval. Next, get feedback on any draft policy via redlined draft or comments within a week of receipt of the draft. Get the right approval group to review and authorize the revisions

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