9 Explain in your own words the need for corporate compliance plans. Type answer here

Question

Question

business Operations-Management

Answer 1

Answer #1

Corporate compliance plans are important because of the following reasons:

Assist service providers and their agents to develop effective internal controls that promote adherence to applicable federal and state law, and the program requirements of federal, state.
Adoption of corporate compliance plans significantly ensures fraud, abuse, and waste prevention.
It promotes the fundamental mission of the company by establishing a culture within an organization that promotes prevention, detection and resolution of instances of conduct that do not conform to federal and state law as well as the provider's ethical and business policies.

Answer 2

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