Quarterly reports to the board Audit & Compliance Committee: Tips

by Cornelia M. Dorfschmid, PhD, MSIS, PMP, CHC

Cornelia M. Dorfschmid ([email protected]) is Executive Vice President & Managing Senior Consultant at Strategic Management Services, LLC in Alexandria, VA.

One of a compliance officer’s duties includes reporting to and working with their compliance committees. This also includes regularly reporting to the board-level audit and compliance committee or similar committee of the organization that is tasked with the oversight of the compliance program. Smaller organizations may not have a board-level committee for the compliance function, and the full board or governing body may have to be briefed on compliance operations. It is fairly typical and a best practice that boards or board committees meet and receive reports from the compliance officer on a quarterly basis. Some boards of a semi-governmental nature, such as hospital districts, may even meet monthly.

Reprinted with permission from Compliance Today – December 2019.

About the Author

Dr. Cornelia M. Dorfschmid has over 30 years of private and government sector experience in health care compliance consulting, the majority of which was in management and executive capacities. She is a recognized expert in the areas of claims auditing, overpayment analysis and risk management and corporate health care compliance.