The pdca cycle and the iso standard
Task 2- Written Question and Answer
The organization can utilize a variety of techniques to acquire data/information for a compliance-related research project. We will discuss some of the techniques for gathering data/information in the sections below:
Employees' personal information
Products in the works
Full integration of compliance obligations into administrative procedures
Three Methods for clarifying the validity of the information for a compliance related research project are the following:
Observation—also known as a qualitative approach—allows for the collection of rich data.
Surveys—collect data fast but lack deep detail.
Responsible variable
Constant
Risk Assessment process
Quality management Process
A review of the compliance process itself
Policies and procedures.
Functions- Establishes its compliance obligations, ensures that obligations for satisfying legal requirements, as well as internal rules and procedures, are integrated into business operations.
Accountabilities and Responsibilities-CMS establishes its compliances responsibilities, review operational responsibilities to make sure that each legal requirements are followed and are compliance. The Board of Directors is ultimately accountable for the financial institution's compliance program. Having stated that, one of the needs of a compliance program, which is a component of a compliance management system, is to select a person to administer the compliance program. This person is sometimes referred to as the "Compliance Officer," and he or she should be given sufficient power and resources to guarantee that the organization's compliance program is effective.
Mbachu, C. (2018). 6 Methods of Data Collection. Retrieved 20 July 2021, from https://callygood.medium.com/6-methods-of-data-collection-e946e993b930
New compliance standard: AS/ISO 19600:2015. (2015). Retrieved 20 July 2021, from https://www.complispace.com.au/grc-blog/blog/grc-for-executives/new-compliance-standard-asiso-196002015
