What is one of the purposes of ongoing monitoring in a compliance program?

Ongoing monitoring is a critical component of a compliance program, and its primary purpose is to evaluate the effectiveness of the compliance initiatives and ensure that the organization adheres to applicable laws, regulations, and internal policies. This involves regularly assessing the compliance program’s performance, identifying potential areas of risk, and ensuring that any issues are addressed promptly.

By systematically evaluating compliance, organizations can determine whether their compliance efforts are successful, identify gaps, and make necessary adjustments to policies and training. This proactive approach helps in maintaining a culture of compliance and minimizes the risk of violations that could lead to legal repercussions or financial penalties. Additionally, ongoing monitoring supports the organization in demonstrating due diligence, which is crucial for regulatory bodies and stakeholders.

The other options do not directly align with the primary goals of ongoing monitoring within a compliance context. While identifying personnel for promotion, gauging employee satisfaction, and reducing operational costs may be important organizational functions, they do not specifically focus on compliance requirements and risk management, which is at the heart of ongoing monitoring efforts.