The anagram of ‘compliant’? Easy, the answer is ‘complaint’. That, however, is not the simple mistake.
The simple mistake is for an organisation to fail to consider being compliant until there is a complaint. Complaints in themselves can be costly and result in a need to reallocate core resources for problem resolution as well as potentially losing custom; when the complaint is from a regulator the outcomes can be much more onerous. The impact in terms of both tangible and intangible costs to remedy a proven compliance breach are far greater than committing financial and staff resources in endeavouring to make an organisation compliant in the first instance.
Reduce the risk of the occurrence of unwitting compliance breaches in your organisation by contacting Compliance Essentials on 1300 602 880 or via our website at www.complianceessentials.com.au