When is it necessary to hire an outside consultant or legal counsel?

Hiring an outside consultant or legal counsel can be beneficial during various phases of compliance management, even though there may not be a strict requirement to do so. Engaging external experts can provide organizations with specialized knowledge, an objective perspective, and access to the latest regulatory updates, which can be crucial for effective compliance.

For instance, outside consultants can help in conducting risk assessments, developing policies, or navigating complex legal issues. They may also assist in preparing for audits or investigations, ensuring that the organization is well-prepared and informed about compliance matters. While some situations, such as identifying an overpayment, might prompt hiring external help, the need for such assistance can arise in multiple contexts, including the development of compliance plans or ongoing monitoring. Thus, relying on external expertise can enhance an organization's overall compliance efforts and reduce legal risks.