development and maintenance of a compliance and ethics risk assessment and management
process that provides for
i. designation of the compliance and ethics risk areas of the University;
ii. completion of a risk assessment (to inventory compliance and ethics risks
and to evaluate each inventoried risk for potential impact on the organization and
probability of occurrence) in each risk area;
iii. based on these risk assessments, identification of the critical institutional
compliance and ethics risks (“A Risks”);
iv. establishment of a “risk management process” that is fully responsive to the identified
objectives for each A Risk (a risk management process evaluates current activities
and identifies changes, if necessary, that will improve assurance of compliance, follows
up to ensure that agreed-upon changes are implemented, and then evaluates the results
after implementation); and
v. designation of an individual to be held accountable for the implementation of an
appropriate action plan to achieve compliance and ethics risk management improvement
in the respective risk area;
Promote and support a working environment that reflects the University’s
commitment to maintaining the highest level of integrity and ethical standards in
the conduct of
its operations. Towards this end, the CEP will include programs and practices designed
to
nurture and preserve the University’s culture of respect and honesty while building
compliance
and ethics consciousness into the daily activities of its faculty and staff.
"Office is charged with ensuring that our work proceeds with integrity and transparency;
maintaining compliance with state and institutional guidelines; and creating processes
that are effective and efficient."
Their objective is to ensure that an organization has internal controls that adequately
measure and manage the risks it faces. Compliance officers provide an in-house service
that effectively supports business areas in their duty to comply with relevant laws
and regulations and internal procedures.
Develop, maintain, and revise policies, procedures, and practices to ensure compliance
with applicable federal, state and local laws and to reflect best practices.
