Question The Office of Inspector General of the United States government contends that

An effective compliance program can be duplicated and adopted by any organization in order to minimize the risk of fraudulent financial statement reporting

An effective compliance program is a set of internal policies and procedures that are put into place to help the organization to comply with the law

An effective compliance program should not impact your organization's operations positively or negatively

One negative impact of an effective compliance program is that overall costs will likely increase