by Cornelia M. Dorfschmid, PhD, MSIS, PMP, CHC
Cornelia M. Dorfschmid (firstname.lastname@example.org) is Executive Vice President & Managing Senior Consultant at Strategic Management Services, LLC in Alexandria, VA.
One of a compliance officer’s duties includes reporting to and working with their compliance committees. This also includes regularly reporting to the board-level audit and compliance committee or similar committee of the organization that is tasked with the oversight of the compliance program. Smaller organizations may not have a board-level committee for the compliance function, and the full board or governing body may have to be briefed on compliance operations. It is fairly typical and a best practice that boards or board committees meet and receive reports from the compliance officer on a quarterly basis. Some boards of a semi-governmental nature, such as hospital districts, may even meet monthly.
Reprinted with permission from Compliance Today – December 2019.