The Compliance Maturity Spectrum
A tool to self-assess the maturity and health of your compliance program, plus guidance on how to evolve and mature your compliance program.
04: Compliance Maturity Self-Assessment: Processes
This self-assessment will help you identify where your organization currently falls on the compliance maturity spectrum. Once you have the results, you can move on to the next section to see a set of recommendations and action items for evolving and optimizing your compliance program.
There are four distinct processes that, when used together, affect an organization’s ability to run an effective compliance program.
1. Regulatory Updates: The way in which an organization monitors, analyzes, and responds to regulatory updates and industry standards (e.g. maintaining SOC 2 compliance over time).
2. Collaboration: The degree of collaboration between the compliance team, operations teams (e.g. IT, engineering), and business stakeholders. Making sure that the right people are talking to each other at key junctures is crucial to getting to good compliance and good business outcomes.
3. Controls Testing: Controls only improve compliance outcomes when they are implemented correctly and tested regularly. Different organizations take very different approaches to testing, measuring, and ensuring the effectiveness of their controls.
4. Evidence collection: You don’t truly know the effectiveness of your compliance measures unless you have evidence. Each organization will have a very different approach to collecting evidence.
How to Self-Assess
Similar to level 1 organizations, level 2 organizations have light processes to manage their compliance projects, because they’re handling regulations on a one-off basis in an opportunistic way.