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Compliance 101 - Glossary of Compliance Terms with Correct Definitions
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Compliance 101 - Glossary of Compliance Terms with Correct Definitions
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Compliance 101 -Glossary of
Compliance Terms
with Correct
Definitions
Denning [Date] [Course title]
, Anti-Kickback Law - Correct Ans: Prohibits the solicitation, receiving, offering, or paying of any
remuneration directly or indirectly in cash or in kind exchange.
Attestation - Correct Ans: The affirmation by signature, usually on a printed form, that the action
outlined has been accomplished by the individual signing; e.g., the individual has read the code of
conduct and agreed to adhere to its principles.
Attorney-Client Privilege - Correct Ans: A legally accepted policy that communication between a client
and attorney is confidential in the course of the professional relationship and that such communication
cannot be disclosed without the consent of the client.
Audit, Baseline - Correct Ans: A systematic inspection of records, policies, and procedures with the goal
to establish a set of benchmarks for comparison for future inspections
Audit, concurrent - Correct Ans: An ongoing inspection of records, policies, and procedures at a given
point in time in which identified p potential problems are investigated as they arise
Audit, retrospective - Correct Ans: A comprehensive inspection of records, policies, and procedures
done usually in anticipation of launching a compliance program.
Benchmarking - Correct Ans: The measurement of performance against "best practices" standards.
Best Practices - Correct Ans: Generally recognized superior performance by organizations in operational
and/or financial processes.
False Claims Act (FCA) - Correct Ans: Originally adopted by the U.S. Congress in 1863 during the Civil
War to discourage suppliers from overcharging the federal governments ,legislation that prohibits
anyone from knowingly submitting or causing to be submitted a false or fraudulent claim.
Federal Sentencing Guidelines - Correct Ans: Guidelines adopted by the U.S. Sentencing Commission, an
independent agency in the judicial branch of government established by the 1864 Sentencing Reform
Act, to govern the sentencing of individual defendants (1987) and organizations (1991)
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