Which of the following is a result of an effective compliance plan?

An effective compliance plan is designed to ensure that an organization adheres to regulations, standards, and best practices, which significantly reduces the risk of fraud. By implementing a comprehensive compliance program, an organization can identify potential areas of vulnerability, establish internal controls, and provide training to employees about ethical conduct and legal obligations. This proactive approach not only minimizes the likelihood of fraudulent activities but also helps cultivate a culture of integrity within the organization.

Furthermore, a robust compliance program typically includes mechanisms for monitoring and reporting non-compliance, enabling early detection and response to any issues that arise. As a result, the organization is better equipped to protect itself from legal penalties, financial loss, and damage to its reputation, ultimately contributing to a safer and more reliable environment for both employees and patients.