compliance

Question 1

compliance

Answer 1

the set of policies/procedures an organisation uses to ensure everyone follow all the legislation

Question 2

ensure compliance

Answer 2

1.Continuous improvement
3.Ensure employees follow all procedures.
4.Conduct regular internal audits.

Question 3

data protection officer

Answer 3

•Required if processing specific types of data
•Can help monitor internal compliance.

Question 4

due diligence

Answer 4

Due diligence is proving the organisation has done everything reasonably possible to comply with the law and regulations to avoid committing a breach.

Question 5

how to ensure du diligence

Answer 5

•Conduct a thorough investigations in to any breaches.
•Review results of internal audits.

Question 6

impact of non compliance on reputation

Answer 6

•Brand is tainted/ruined.
•PR disaster and bad publicity.
•Loss of customers’ goodwill.

Question 7

impact of non compliance on finances

Answer 7

•Extremely high financial penalties.
•Reduced sales turnover/lower profits.
•Lost confidence of investors.

Question 8

impact of non compliance on legal

Answer 8

•Immediate prohibition notices – not allowed to trade/use.
•Seize assets
•Fines