Answer:
That statement is true.
Explanation:
In business, compliance department is created in order to identified various forms of risks that might be faced by the companies and implement a certain set of controlled procedure to prevent that risks from happening.
This cover wide variety of risks starting from :
- financial
Risk that involved implementing the wrong strategy which could lead to decreased profit
- Procedural
Risk that involved Unproductive behaviors or Frauds conducted within the company territory
- safety
This include protection both physical and emotional safety . Such as making sure that no abuse occurred to the employees, non-dangerous work environment, usage of safe materials, etc
