Post by account_disabled on Mar 9, 2024 1:02:16 GMT -5
Compliance has been the term used to refer to regulatory compliance in an organization. When using this terminology, we are dealing with the set of policies, procedures and actions that an organization carries out to ensure that its activities comply with the laws, regulations, norms and ethical standards applicable in its field of action. From another perspective, specifically in the public sphere, compliance can be defined as the set of policies, procedures and good practices, established by an entity to prevent compliance by its directors, employees and third parties with whom it maintains commercial or other relationships. , of actions contrary to the law, its internal regulations and the ethical codes with which it has provided itself, which, from this point of view, would imply identifying, evaluating and managing the risks related to regulatory compliance and legal to obtain an optimization of public management, control of the economy, finances and improvement of the quality of services. II. What is the purpose of compliance? Compliance with laws and regulations is a fundamental task for the proper functioning of an organization, whether it is in the public sector or the private sector.
Seen in this way, it is inferred that the main objective of compliance in the public sector is to prevent and minimize the risks of irregularities and acts of corruption that may arise from regulatory infractions or non-compliance. III. Benefits that compliance provides in the public sector Compliance in the public sector not only contributes to combating corruption, but also provides another series of benefits that can be observed through various areas, among British Student Phone Number List we can mention: From the public sphere, compliance in the Administration focuses on improving the quality of the services provided. In that sense, from this point of view compliance management guarantees that these organizations operate within the legal and regulatory framework established for the provision of public service. From the economic, budgetary and financial sphere. All public sector institutions manage public resources, so compliance in the Administration guarantees that these resources are used rationally, efficiently and effectively, thus avoiding expenses that are considered unnecessary.
Compliance in the public sector from the social sphere, helps to protect the interests of citizens (taxpayers), guaranteeing that public resources are used for the intended purposes, allowing confidence to be generated in citizens, regarding the provision of services. public. From the legal field. Talking about compliance in the Administration refers precisely to regulatory compliance, and it is exactly non-compliance that can give rise to economic sanctions and damage to integrity. In this sense, the implementation of compliance contributes to mitigating these risks by guaranteeing that public sector organizations comply with applicable regulations, laws and other policies. IV. Elements of compliance that must be transferred to the public sphere Compliance is made up of 4 fundamental elements that guarantee the success of its implementation. For this reason, its execution in the public sector must be in tune with the following elements: Development of a risk map that identifies (depending on the sector in question) the compliance risks in which the institution could be immersed, whether due to corruption, conflicts of interest, among others, in order to carry out the compliance program in accordance with the analysis carried out.
Seen in this way, it is inferred that the main objective of compliance in the public sector is to prevent and minimize the risks of irregularities and acts of corruption that may arise from regulatory infractions or non-compliance. III. Benefits that compliance provides in the public sector Compliance in the public sector not only contributes to combating corruption, but also provides another series of benefits that can be observed through various areas, among British Student Phone Number List we can mention: From the public sphere, compliance in the Administration focuses on improving the quality of the services provided. In that sense, from this point of view compliance management guarantees that these organizations operate within the legal and regulatory framework established for the provision of public service. From the economic, budgetary and financial sphere. All public sector institutions manage public resources, so compliance in the Administration guarantees that these resources are used rationally, efficiently and effectively, thus avoiding expenses that are considered unnecessary.
Compliance in the public sector from the social sphere, helps to protect the interests of citizens (taxpayers), guaranteeing that public resources are used for the intended purposes, allowing confidence to be generated in citizens, regarding the provision of services. public. From the legal field. Talking about compliance in the Administration refers precisely to regulatory compliance, and it is exactly non-compliance that can give rise to economic sanctions and damage to integrity. In this sense, the implementation of compliance contributes to mitigating these risks by guaranteeing that public sector organizations comply with applicable regulations, laws and other policies. IV. Elements of compliance that must be transferred to the public sphere Compliance is made up of 4 fundamental elements that guarantee the success of its implementation. For this reason, its execution in the public sector must be in tune with the following elements: Development of a risk map that identifies (depending on the sector in question) the compliance risks in which the institution could be immersed, whether due to corruption, conflicts of interest, among others, in order to carry out the compliance program in accordance with the analysis carried out.