Implementing an effective compliance testing program is of critical importance to managing your compliance risk and ensuring the health of your CMS. When you’re performing compliance testing, it is important to remember that you are testing against a rule, a regulation, a law, or a statute, which means that any finding is technically a violation of law or a statute. Identifying violations of requirements (e.g., regulatory or internal policy) and remediating the root cause in a timely manner is crucial to mitigating the compliance risk your organization is facing. Performing compliance testing in an ad hoc manner can lead to increased regulatory scrutiny since your organization will not be able to evidence that they have a fully functioning compliance testing program.
Regardless of who is performing your compliance testing — whether it is your internal audit or compliance department — there are certain steps that are necessary to successfully implement an effective compliance testing process as part of your compliance function.
These steps include:
Learn more about these eight steps by downloading our guide below, and put yourself in a strong position to start your organization’s compliance testing program or uplevel a current program’s maturity.