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Which audit is the best way to change behavior? - ANSWER-
Concurrent Audit
What the the two detection mechanisms of a compliance
program? - ANSWER-
Auditing and
monitoring
Who develops controls, policies, procedures and
systems? - ANSWER-
Compliance
Who handles sensitive investigations? - ANSWER-Legal
What is structural policy? - ANSWER-Framework
What is substantive policy? - ANSWER-Define regs and the
how
, What is "tone in the middle?" - ANSWER-Managers must
demonstrate their
commitment to
compliance.
First step prior to launching a compliance program? -
ANSWER-Baseline risk
assessment
If misconduct is found, what are the two areas that are
important to fix the
issue? - ANSWER-Enforcement and
discipline
What is a typical discipline process? - ANSWER-Verbal
warning - written
warning - unpaid suspension -
termination
What are two risk assessment sources? - ANSWER-Documents
and staff
For allegations, it is best to first do what? - ANSWER-
Provide additional