Global developments, sweeping risks and new legal requirements require a continuous update of the compliance management system.
Is the compliance management system appropriate and up-to-date? Is it still working? These are the questions a company has to ask itself over and over again. Results from independent internal and external audits may provide information. Regular controls should enable companies to control their essential core processes. This is usually done on the basis of performance indicators such as process duration or quality.
Monitoring and progress
Checking and improving a compliance management system continuously and thoroughly for effectiveness is part of the indispensable care. From monitoring to testing and certification, there are various ways of ensuring care.
Interviews with employees
How do employees proceed and what do they actually do in practice in the explicated compliance case? That questions are to answer special interviews of the employees.
Compliance Statements
The Compliance Statement is another audit tool. The employees make a statement to the company. The employees confirm that they acted to the best of their knowledge and conscience in a certain period of time and adhered to the compliance requirements.
Audit of transactions
The examination of transactions should be carried out in samples.
Simulated house search – Mock Dawn Raids
A tool of compliance testing is the simulation of a house search. This includes searching the office space of employees, securing documents and interviewing employees. This is a test for behavior in stress situations. Therefore, conduct in compliance with the law is under review.
The test can be carried out by dedicated lawyers, the prosecutor's office or the antitrust authority. They search the business premises of the company.
The technical word for the simulated house search is Mock Dawn Raid.
Compliance audit
A regular review of the compliance management system is essential. There are already standards on how tests should take place. Various test scenarios are offered in which either the whole system or only sub-areas are tested.
One Compliance reviews should be carried out by an internal audit, external lawyers or external auditors. We are lawyers and support you in the internal audit.