Theory of Regulatory Compliance, Regulatory Compliance Scale, and Differential Monitoring
4 Pages Posted: 25 Jul 2024
Date Written: June 23, 2024
Abstract
The theory of regulatory compliance has been proven in multiple studies over the past four decades and has been utilized extensively in the creation of differential monitoring and its spin off methodologies of risk assessment and key indicators. In fact, differential monitoring would not have been possible without the theory of regulatory compliance because the paradigm which it replaced, one of one-size-fits-all monitoring or uniform monitoring would have predominated. However, with the theory of regulatory compliance which introduced the importance of substantial regulatory compliance and the search for the right rules/regulations that made a difference in client's lives, rather than emphasizing more or less regulations or rules.
Keywords: regulatory compliance, differential monitoring
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