The public sector is facing a crisis. Despite being tasked with overseeing and ensuring compliance across industries, government agencies and organizations often don't care about their own internal compliance practices
Government agencies and organizations face lots of challenges in respect to compliance, as processes is changed based on budget cuts and administration priorities. Even for organizations that have been dynamic, the nature of how the government operates can complicate things.
Apart from the many laws that apply to the private sector, government agencies also have their own commitment to meet. These obligations apply in areas such as procurement, and occupational health and safety and contract law .
Why they require compliance
An effective compliance program should aim to:
- Creation of policies and procedures
- Promotion of an ethical behaviour
- Encouraging staff acceptance of responsibility for compliance
- Conduction of annual self-assessment
- Inclusion of regular audits and reports
- Education of employees
public sector industries are subject to intense observations. if they fail to comply with obligations, it could result in regulatory investigation.
Therefore, adequate controls should be ensured to manage the risks of non-compliance. For this Internal audits, regular reporting, and compliance training should be done in order to meet compliance.
How can Xiarch Help?
Our efficient and experienced team properly manage your compliance obligations. Xiarch helps in minimising the risks, develop a more efficient and effective workforce which results into savings along the way.
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