In the ever-evolving landscape of healthcare, medical coding stands as a critical component that ensures accurate billing, proper patient care documentation, and streamlined communication between healthcare providers and insurance companies. As such, staying updated in the medical coding field is not merely an option but a necessity for professionals dedicated to excellence and accuracy in their work. Continuing education requirements for coders are pivotal in this pursuit, providing both a framework and a catalyst for ongoing professional development.
The importance of staying current with industry changes cannot be overstated. The medical field is characterized by rapid advancements in technology, treatment protocols, and regulatory standards. Each year brings updates to coding systems like ICD-10-CM/PCS, CPT, and HCPCS Level II-which are essential tools for coders. These updates reflect new diseases, emerging technologies, revised procedures, and changes in reimbursement policies. Without up-to-date knowledge of these systems, coders risk making errors that can lead to claim denials or even legal issues for their employers.
Continuing education serves as the bridge connecting past expertise with present demands and future innovations. By engaging in regular training sessions or workshops, coders can sharpen their skills while gaining insight into new developments within the healthcare sector. This proactive approach not only enhances their competence but also boosts confidence when tackling complex cases or navigating intricate regulatory landscapes.
Moreover, continuing education offers significant professional benefits beyond technical skills enhancement. It provides networking opportunities where coders can share insights with peers from diverse backgrounds, fostering an environment rich with collaborative learning experiences. Such interactions often lead to the exchange of best practices and innovative solutions to common challenges faced within the industry.
For many credentialed coders-such as those certified by AHIMA (American Health Information Management Association) or AAPC (American Academy of Professional Coders)-maintaining certification necessitates fulfilling specific continuing education requirements. These mandates ensure that all certified professionals remain proficient amidst changing industry standards and practices. Meeting these requirements not only confirms one's commitment to maintaining high professional standards but also assures employers of a coder's dedication to delivering quality work supported by current knowledge.
In conclusion, staying updated through continuing education is indispensable for anyone involved in medical coding. It represents both a commitment to personal growth and a pledge to uphold the integrity of healthcare documentation processes. As healthcare continues its dynamic evolution fueled by innovation and regulation shifts alike-it becomes imperative for coders to cultivate an adaptive mindset underpinned by lifelong learning principles-a mindset that ultimately safeguards patient welfare while enhancing personal career trajectories within this vital domain.
Continuing education is a critical component of maintaining proficiency and staying current in many professions, but it takes on a unique significance in the ever-evolving field of medical coding. Certification bodies play an essential role in this process by setting standards for continuing education units (CEUs) that coders must earn to retain their credentials. Understanding the landscape of these certification bodies and their CEU requirements is vital for any coder committed to professional development.
The American Academy of Professional Coders (AAPC) is one of the leading certification bodies for medical coders. AAPC offers various certifications, including Certified Professional Coder (CPC), Certified Outpatient Coder (COC), and Certified Inpatient Coder (CIC). To maintain these certifications, AAPC requires members to complete a specific number of CEUs every two years. Typically, this involves earning 36 CEUs for most certifications, though some advanced credentials may require more. These units can be obtained through various activities such as attending workshops, webinars, or conferences related to healthcare compliance and coding updates.
Similarly, the American Health Information Management Association (AHIMA) provides another avenue for certification. With credentials like the Certified Coding Specialist (CCS) and the Registered Health Information Technician (RHIT), AHIMA sets its own CEU requirements. Typically, AHIMA requires around 20-30 CEUs every two years depending on the type of credential held. AHIMA encourages participation in educational programs that focus on new technologies, coding guidelines updates, and best practices in health information management.
Both AAPC and AHIMA emphasize not only the quantity but also the quality of continuing education activities undertaken by professionals. They often mandate that a portion of CEUs be directly related to core competencies required by their specific certifications. This ensures that coders are not merely accumulating credits but are genuinely enhancing their skills and knowledge base relevant to their daily responsibilities.
Other organizations such as Board of Medical Specialty Coding & Compliance (BMSC) offer specialized certifications like Advanced Coding Specialist - PCS (ACS-PCS). BMSC also has distinct guidelines regarding CEU accumulation which generally involve periodic renewal cycles with specified credit hour requirements focused on procedure specific coding systems.
In summary, while each certification body has its unique set of rules governing continuing education requirements, they all share a common goal: ensuring that certified coders remain knowledgeable about the latest developments within their field. Whether it's through online courses, seminars or professional meetings fulfilling these CEU obligations empowers coders not only to maintain their credentials but also equips them with contemporary expertise necessary for adeptly navigating complexities inherent in modern healthcare environments. As medical coding continues evolving alongside changes within broader healthcare ecosystems - keeping up-to-date becomes indispensable; thus making adherence towards continued learning paramount across all certification arenas alike!
Continuing education is a vital component for professionals in any field, ensuring they remain current with industry standards and practices. For medical coders, whose work directly impacts healthcare administration and patient care, staying updated is not only beneficial but often required. The landscape of continuing education opportunities for coders is diverse, catering to various learning preferences and professional needs.
One prominent form of continuing education is through certification programs offered by recognized institutions such as the American Academy of Professional Coders (AAPC) or the American Health Information Management Association (AHIMA). These organizations provide specialized courses that delve into specific areas of coding, including ICD-10-CM/PCS, CPT, and HCPCS Level II coding systems. By participating in these programs, coders can not only fulfill their credential maintenance requirements but also gain advanced knowledge that enhances their expertise and marketability.
Webinars and online courses have gained traction as popular modes of continuing education due to their flexibility and accessibility. These platforms offer an array of topics ranging from regulatory updates to clinical documentation improvement strategies. Coders can access these resources at their convenience, making it easier to balance professional development with personal responsibilities. Additionally, many webinars are hosted by industry experts who provide insights on emerging trends and best practices.
Workshops and seminars present another valuable opportunity for coders seeking hands-on learning experiences. These events allow participants to engage directly with instructors and peers through interactive sessions that often include real-world case studies and problem-solving exercises. Attending workshops can foster networking opportunities as well, enabling coders to connect with fellow professionals who share similar career interests.
In addition to structured educational programs, self-directed learning remains an essential avenue for continuing education. Coders can stay informed about industry changes through reading professional journals, subscribing to newsletters from reputable organizations, or joining online forums where they can discuss challenges and solutions with colleagues worldwide.
Employers also play a significant role in supporting the continuing education of coders by offering tuition reimbursement programs or hosting in-house training sessions tailored to the specific needs of their staff. This investment not only helps coders meet their education requirements but also improves overall organizational performance by ensuring that employees possess up-to-date skills.
In conclusion, the types of continuing education opportunities available for medical coders are extensive and adaptable to different learning styles and professional goals. Whether through formal certification courses, online platforms, interactive workshops, or self-guided study, each option contributes meaningfully to a coder's ability to maintain competency in a rapidly evolving field. Embracing these opportunities not only fulfills professional requirements but also enhances personal growth and career advancement within the healthcare industry.
In today's fast-paced digital world, the field of coding evolves at an astonishing rate, necessitating continuous education to keep up with new technologies and methodologies. For coders striving to maintain their professional edge, choosing between online and in-person training options for continuing education is a pivotal decision. Both modalities offer unique advantages and challenges that can significantly impact a coder's learning experience and career trajectory.
Online training has become increasingly popular due to its flexibility and accessibility. With the ability to learn from virtually anywhere, coders can tailor their educational journey around personal schedules and commitments. This aspect is particularly beneficial for those balancing work, family, or other responsibilities alongside their professional development. Online platforms often provide a vast array of courses covering niche technologies and emerging trends that may not be readily available locally. Furthermore, the self-paced nature of many online programs allows learners to progress at their own speed, ensuring they fully grasp complex concepts before moving forward.
However, online training does come with its set of challenges. The absence of a physical classroom environment can lead to feelings of isolation for some learners who thrive on interpersonal interaction and real-time feedback from instructors and peers. Additionally, self-discipline is crucial; without the structure provided by scheduled classes, there is a risk of procrastination or incomplete coursework.
On the other hand, in-person training offers a more traditional approach that many find conducive to learning. The classroom setting fosters direct engagement with instructors and fellow students, facilitating immediate clarification of doubts and collaborative problem-solving experiences. This environment can enhance motivation through structured timelines and face-to-face accountability.
Nonetheless, in-person training requires a significant time commitment which may not be feasible for everyone due to geographic limitations or inflexible schedules. Attending classes at specific times could also mean less flexibility compared to online options where one can pause or replay lectures as needed.
Ultimately, the choice between online versus in-person training depends on individual preferences and circumstances. Coders should consider factors such as their learning style, current life commitments, access to reliable technology for online courses, or proximity to quality institutions offering in-person sessions.
In conclusion, both online and in-person training have distinct benefits that cater differently depending on one's needs within the realm of continuing education for coding professionals. As technology continues advancing rapidly - reshaping industries globally - it becomes imperative for coders not only choosing wisely but also committing wholeheartedly towards whichever path best supports them achieving continual growth amidst ever-changing landscapes within this dynamic profession.
In today's rapidly evolving healthcare landscape, the role of medical coders has become increasingly critical. As these professionals translate patient information into standardized codes for billing and record-keeping, their expertise directly impacts the operational efficiency and financial health of healthcare institutions. Given this pivotal role, continuing education is not just recommended but often required to ensure coders keep pace with industry advancements and regulatory changes. However, as essential as these educational pursuits are, they come with significant financial considerations that both employees and employers must navigate thoughtfully.
For many coders, the prospect of ongoing education presents a dual challenge: balancing work with study commitments while managing the associated costs. Tuition fees for courses, certification tests, textbooks, and other learning materials can quickly accumulate into a substantial financial burden. Additionally, taking time off work to attend classes or sit for exams might result in lost wages-a further strain on personal finances.
Understanding these challenges, many forward-thinking employers offer support programs to assist their coding staff in meeting continuing education requirements. These initiatives may include tuition reimbursement plans that cover part or all of the costs associated with approved courses and certifications. By alleviating some of the financial pressures coders face, such employer support not only fosters an environment conducive to professional development but also enhances employee loyalty and reduces turnover rates.
Moreover, organizations that invest in their employees' continued education often see tangible returns in terms of improved accuracy in coding practices and compliance adherence-both crucial factors in reducing claim denials and ensuring optimal reimbursement from insurance providers. This mutually beneficial arrangement underscores the importance of shared responsibility between coders and their employers when it comes to ongoing education.
In conclusion, while continuing education remains a cornerstone for maintaining competence among medical coders amidst ever-changing industry dynamics, it demands careful consideration of financial implications by both parties involved. Employers who proactively support their staff's educational endeavors stand to gain not only skilled personnel but also a competitive edge within the healthcare sector. Meanwhile, coders empowered by accessible learning opportunities can confidently advance their careers while contributing more effectively to their organizations' success.
Balancing the demands of work, life, and continuing education is a challenge that many professionals face, particularly those in fields like medical coding where ongoing learning is essential. Coders are tasked with staying current on coding standards, updates to healthcare regulations, and advancements in medical technology-all while managing their job responsibilities and personal lives. The key to successfully navigating these demands lies in implementing effective strategies that prioritize time management, flexibility, and support.
Continuing education for coders is not just a professional obligation but an opportunity for personal growth and career advancement. However, it often competes with work deadlines and family commitments. Thus, one fundamental strategy is setting clear priorities. Coders must identify what tasks are most urgent each day and allocate time accordingly. By distinguishing between what needs immediate attention and what can be scheduled later, they can create a more balanced approach to their responsibilities.
Time management techniques such as the Pomodoro Technique or block scheduling can help coders maximize productivity during study sessions without overwhelming their days. Dedicating specific blocks of time solely for education-and adhering strictly to this schedule-ensures that learning remains a priority without encroaching on work or family time.
Flexibility is another crucial component when balancing these aspects of life. Coders should seek out educational opportunities that offer flexible learning options, such as online courses or webinars that can be accessed at any time. This allows them to fit studying into non-traditional hours or during commutes if possible. Employers who recognize the importance of continuing education may also offer flexible working arrangements or provide resources that make it easier for employees to pursue further training.
Support from both employers and personal networks plays a significant role in achieving balance. Open communication with supervisors about educational goals can lead to understanding and accommodations at work. Meanwhile, family members who understand the necessity of continuous learning can offer moral support or assist with household duties during busy periods.
Finally, maintaining personal well-being through self-care practices cannot be overlooked when striving for balance. Regular exercise, adequate sleep, and leisure activities help reduce stress levels and improve focus-a crucial advantage when juggling multiple responsibilities.
In conclusion, effective strategies for balancing work, life, and continuing education require thoughtful planning and execution. For coders facing demanding certification requirements or industry changes, prioritizing tasks effectively, utilizing time management techniques, seeking flexible educational options, leveraging support systems at home and work while maintaining personal health are pivotal steps toward achieving harmony among their varied roles.
In the ever-evolving landscape of healthcare, medical coding has emerged as a critical component in ensuring accurate billing, efficient healthcare management, and effective patient care. As we look to the future, several trends are poised to reshape the field of medical coding, highlighting the indispensable role of lifelong learning for coders. Understanding these emerging trends and committing to continuous education will be paramount for professionals aiming to stay relevant and proficient in their field.
One significant trend is the increasing integration of technology in medical coding processes. Automation and artificial intelligence (AI) are becoming more prevalent in the healthcare industry, streamlining tasks that were traditionally manual. AI-driven tools can now analyze clinical notes with remarkable accuracy, suggesting codes based on data patterns. While this technological advancement holds great promise for efficiency and accuracy, it also necessitates a shift in skills for coders. Rather than merely assigning codes, coders must now understand how to work alongside AI systems, validating their outputs and ensuring quality control.
Furthermore, as telemedicine continues to expand its reach following its boom during the COVID-19 pandemic, new coding challenges arise. Coders must familiarize themselves with specific codes related to virtual consultations and remote monitoring services. This evolution underscores the need for ongoing education as coders adapt to these novel scenarios that weren't previously commonplace.
Regulatory changes also play a significant role in shaping future trends in medical coding. Healthcare policies are continually updated to reflect new legislation or changes in public health guidelines. Coders must stay informed about these updates to ensure compliance and avoid costly errors or fraudulent claims. Lifelong learning enables coders to keep pace with such regulatory shifts by participating in workshops, seminars, or online courses tailored to these updates.
The expansion of personalized medicine is another trend influencing medical coding's future trajectory. With a growing focus on individualized treatment plans based on genetic information or specific biomarkers, coders face more complex documentation requirements. They must learn new terminologies and coding methods that accurately capture these personalized approaches while maintaining patient privacy.
Given these dynamic changes within the industry, lifelong learning becomes not just beneficial but essential for medical coders. Continuous education provides them with opportunities to upskill and reskill as necessary-whether through formal certification programs or informal learning experiences like webinars or peer group discussions.
Employing lifelong learning strategies helps coders remain flexible amidst change while enhancing their professional growth prospects. By embracing an attitude of curiosity and openness towards ongoing education opportunities offered by professional organizations such as AAPC (American Academy of Professional Coders) or AHIMA (American Health Information Management Association), they can build robust knowledge bases capable of navigating complex environments effectively.
In conclusion, future trends in medical coding point towards increased technological integration coupled with evolving regulatory landscapes-all demanding higher levels of expertise from today's workforce than ever before-and ultimately emphasizing why lifelong learning should be at every coder's core practice strategy moving forward into tomorrow's world where change is constant yet opportunity abounds when we choose adaptability over complacency through continued educational pursuits throughout our careers!
In general, compliance means conforming to a rule, such as a specification, policy, standard or law. Compliance has traditionally been explained by reference to deterrence theory, according to which punishing a behavior will decrease the violations both by the wrongdoer (specific deterrence) and by others (general deterrence). This view has been supported by economic theory, which has framed punishment in terms of costs and has explained compliance in terms of a cost-benefit equilibrium (Becker 1968). However, psychological research on motivation provides an alternative view: granting rewards (Deci, Koestner and Ryan, 1999) or imposing fines (Gneezy Rustichini 2000) for a certain behavior is a form of extrinsic motivation that weakens intrinsic motivation and ultimately undermines compliance.
Regulatory compliance describes the goal that organizations aspire to achieve in their efforts to ensure that they are aware of and take steps to comply with relevant laws, policies, and regulations.[1] Due to the increasing number of regulations and need for operational transparency, organizations are increasingly adopting the use of consolidated and harmonized sets of compliance controls.[2] This approach is used to ensure that all necessary governance requirements can be met without the unnecessary duplication of effort and activity from resources.
Regulations and accrediting organizations vary among fields, with examples such as PCI-DSS and GLBA in the financial industry, FISMA for U.S. federal agencies, HACCP for the food and beverage industry, and the Joint Commission and HIPAA in healthcare. In some cases other compliance frameworks (such as COBIT) or even standards (NIST) inform on how to comply with regulations.
Some organizations keep compliance data—all data belonging or pertaining to the enterprise or included in the law, which can be used for the purpose of implementing or validating compliance—in a separate store for meeting reporting requirements. Compliance software is increasingly being implemented to help companies manage their compliance data more efficiently. This store may include calculations, data transfers, and audit trails.[3][4]
The International Organization for Standardization (ISO) and its ISO 37301:2021 (which deprecates ISO 19600:2014) standard is one of the primary international standards for how businesses handle regulatory compliance, providing a reminder of how compliance and risk should operate together, as "colleagues" sharing a common framework with some nuances to account for their differences. The ISO also produces international standards such as ISO/IEC 27002 to help organizations meet regulatory compliance with their security management and assurance best practices.[5]
Some local or international specialized organizations such as the American Society of Mechanical Engineers (ASME) also develop standards and regulation codes. They thereby provide a wide range of rules and directives to ensure compliance of the products to safety, security or design standards.[6]
Regulatory compliance varies not only by industry but often by location. The financial, research, and pharmaceutical regulatory structures in one country, for example, may be similar but with particularly different nuances in another country. These similarities and differences are often a product "of reactions to the changing objectives and requirements in different countries, industries, and policy contexts".[7]
Australia's major financial services regulators of deposits, insurance, and superannuation include the Reserve Bank of Australia (RBA), the Australian Prudential Regulation Authority (APRA), the Australian Securities & Investments Commission (ASIC), and the Australian Competition & Consumer Commission (ACCC).[8] These regulators help to ensure financial institutes meet their promises, that transactional information is well documented, and that competition is fair while protecting consumers. The APRA in particular deals with superannuation and its regulation, including new regulations requiring trustees of superannuation funds to demonstrate to APRA that they have adequate resources (human, technology and financial), risk management systems, and appropriate skills and expertise to manage the superannuation fund, with individuals running them being "fit and proper".[8]
Other key regulators in Australia include the Australian Communications & Media Authority (ACMA) for broadcasting, the internet, and communications;[9] the Clean Energy Regulator for "monitoring, facilitating and enforcing compliance with" energy and carbon emission schemes;[10] and the Therapeutic Goods Administration for drugs, devices, and biologics;[11]
Australian organisations seeking to remain compliant with various regulations may turn to AS ISO 19600:2015 (which supersedes AS 3806-2006). This standard helps organisations with compliance management, placing "emphasis on the organisational elements that are required to support compliance" while also recognizing the need for continual improvement.[12][13]
In Canada, federal regulation of deposits, insurance, and superannuation is governed by two independent bodies: the OSFI through the Bank Act, and FINTRAC, mandated by the Proceeds of Crime (Money Laundering) and Terrorist Financing Act, 2001 (PCMLTFA).[14][15] These groups protect consumers, regulate how risk is controlled and managed, and investigate illegal action such as money laundering and terrorist financing.[14][15] On a provincial level, each province maintain individuals laws and agencies. Unlike any other major federation, Canada does not have a securities regulatory authority at the federal government level. The provincial and territorial regulators work together to coordinate and harmonize regulation of the Canadian capital markets through the Canadian Securities Administrators (CSA).[16]
Other key regulators in Canada include the Canadian Food Inspection Agency (CFIA) for food safety, animal health, and plant health; Health Canada for public health; and Environment and Climate Change Canada for environment and sustainable energy.[17]
Canadian organizations seeking to remain compliant with various regulations may turn to ISO 19600:2014, an international compliance standard that "provides guidance for establishing, developing, implementing, evaluating, maintaining and improving an effective and responsive compliance management system within an organization".[18] For more industry specific guidance, e.g., financial institutions, Canada's E-13 Regulatory Compliance Management provides specific compliance risk management tactics.[19]
The financial sector in the Netherlands is heavily regulated. The Dutch Central Bank (De Nederlandsche Bank N.V.) is the prudential regulator while the Netherlands Authority for Financial Markets (AFM) is the regulator for behavioral supervision of financial institutions and markets. A common definition of compliance is:'Observance of external (international and national) laws and regulations, as well as internal norms and procedures, to protect the integrity of the organization, its management and employees with the aim of preventing and controlling risks and the possible damage resulting from these compliance and integrity risks'.[20]
In India, compliance regulation takes place across three strata: Central, State, and Local regulation. India veers towards central regulation, especially of financial organizations and foreign funds. Compliance regulations vary based on the industry segment in addition to the geographical mix. Most regulation comes in the following broad categories: economic regulation, regulation in the public interest, and environmental regulation.[21] India has also been characterized by poor compliance - reports suggest that only around 65% of companies are fully compliant to norms.[22]
The Monetary Authority of Singapore is Singapore's central bank and financial regulatory authority. It administers the various statutes pertaining to money, banking, insurance, securities and the financial sector in general, as well as currency issuance.[23]
There is considerable regulation in the United Kingdom, some of which is derived from European Union legislation. Various areas are policed by different bodies, such as the Financial Conduct Authority (FCA),[24] Environment Agency,[25] Scottish Environment Protection Agency,[26] Information Commissioner's Office,[27] Care Quality Commission,[28] and others: see List of regulators in the United Kingdom.
Important compliance issues for all organizations large and small include the Data Protection Act 2018[29] and, for the public sector, Freedom of Information Act 2000.[30]
The U.K. Corporate Governance Code (formerly the Combined Code) is issued by the Financial Reporting Council (FRC) and "sets standards of good practice in relation to board leadership and effectiveness, remuneration, accountability, and relations with shareholders".[31] All companies with a Premium Listing of equity shares in the U.K. are required under the Listing Rules to report on how they have applied the Combined Code in their annual report and accounts.[32] (The Codes are therefore most similar to the U.S.' Sarbanes–Oxley Act.)
The U.K.'s regulatory framework requires that all its publicly listed companies should provide specific content in the core financial statements that must appear in a yearly report, including balance sheet, comprehensive income statement, and statement of changes in equity, as well as cash flow statement as required under international accounting standards.[33] It further demonstrates the relationship that subsists among shareholders, management, and the independent audit teams. Financial statements must be prepared using a particular set of rules and regulations hence the rationale behind allowing the companies to apply the provisions of company law, international financial reporting standards (IFRS), as well as the U.K. stock exchange rules as directed by the FCA.[34] It is also possible that shareholders may not understand the figures as presented in the various financial statements, hence it is critical that the board should provide notes on accounting policies as well as other explanatory notes to help them understand the report better.
Data retention is a part of regulatory compliance that is proving to be a challenge in many instances. The security that comes from compliance with industry regulations can seem contrary to maintaining user privacy. Data retention laws and regulations ask data owners and other service providers to retain extensive records of user activity beyond the time necessary for normal business operations. These requirements have been called into question by privacy rights advocates.[35]
Compliance in this area is becoming very difficult. Laws like the CAN-SPAM Act and Fair Credit Reporting Act in the U.S. require that businesses give people the right to be forgotten.[36][37] In other words, they must remove individuals from marketing lists if it is requested, tell them when and why they might share personal information with a third party, or at least ask permission before sharing that data. Now, with new laws coming out that demand longer data retention despite the individual’s desires, it can create some real difficulties.
Money laundering and terrorist financing pose significant threats to the integrity of the financial system and national security. To combat these threats, the EU has adopted a risk-based approach to Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) that relies on cooperation and coordination between EU and national authorities. In this context, risk-based regulation refers to the approach of identifying and assessing potential risks of money laundering and terrorist financing and implementing regulatory measures proportional to those risks. However, the shared enforcement powers between EU and national authorities in the implementation and enforcement of AML/CFT regulations can create legal implications and challenges. The potential for inconsistent application of AML regulations across different jurisdictions can create regulatory arbitrage and undermine the effectiveness of AML efforts. Additionally, a lack of clear and consistent legal frameworks defining the roles and responsibilities of EU and national authorities in AML enforcement can lead to situations where accountability is difficult to establish.
Corporate scandals and breakdowns such as the Enron case of reputational risk in 2001 have increased calls for stronger compliance and regulations, particularly for publicly listed companies.[1] The most significant recent statutory changes in this context have been the Sarbanes–Oxley Act developed by two U.S. congressmen, Senator Paul Sarbanes and Representative Michael Oxley in 2002 which defined significantly tighter personal responsibility of corporate top management for the accuracy of reported financial statements; and the Dodd-Frank Wall Street Reform and Consumer Protection Act.
The Office of Foreign Assets Control (OFAC) is an agency of the United States Department of the Treasury under the auspices of the Under Secretary of the Treasury for Terrorism and Financial Intelligence. OFAC administers and enforces economic and trade sanctions based on U.S. foreign policy and national security goals against targeted foreign states, organizations, and individuals.
Compliance in the U.S. generally means compliance with laws and regulations. These laws and regulations can have criminal or civil penalties. The definition of what constitutes an effective compliance plan has been elusive. Most authors, however, continue to cite the guidance provided by the United States Sentencing Commission in Chapter 8 of the Federal Sentencing Guidelines.[38][39]
On October 12, 2006, the U.S. Small Business Administration re-launched Business.gov (later Business.USA.gov and finally SBA.Gov)[40] which provides a single point of access to government services and information that help businesses comply with government regulations.
The U.S. Department of Labor, Occupational Health and Safety Administration (OSHA) was created by Congress to assure safe and healthful working conditions for working men and women by setting and enforcing standards and by providing training, outreach, education, and assistance. OSHA implements laws and regulations regularly in the following areas, construction, maritime, agriculture, and recordkeeping.[41]
The United States Department of Transportation also has various laws and regulations requiring that prime contractors when bidding on federally funded projects engage in good faith effort compliance, meaning they must document their outreach to certified disadvantaged business enterprises.[42]
cite book: CS1 maint: multiple names: authors list (link)| Authority control databases: National |
|
|---|
Overhead may be:
