Which of the following statements best defines Reasonable Diligence in compliance?

Reasonable Diligence in compliance refers to the commitment and effort that organizations are expected to demonstrate in order to adhere to legal and regulatory requirements. This involves taking the necessary steps to ensure that compliance activities are conducted properly and that the organization meets the relevant laws, regulations, and standards.

The statement that describes this best emphasizes the action of "doing what is expected to comply with the law." This entails implementing policies, conducting training, monitoring compliance, and taking corrective actions when necessary. It reflects a proactive approach to compliance, where organizations systematically work to ensure adherence to legal obligations, thereby mitigating risks and preventing violations.

The other statements do not align with the definition of Reasonable Diligence: neglecting to monitor compliance activities or deliberately ignoring legal standards does not demonstrate any commitment to compliance, while outsourcing compliance to unauthorized personnel undermines the integrity and accountability required in the compliance process.