Burl Edwin Allen

US Patent:

20070226721, Sep 27, 2007

Filed:

Jan 11, 2006

Appl. No.:

11/306784

Inventors:

Kimberly Laight - Greensboro NC, US
Jennifer Ackerman - Charlotte NC, US
Burl Allen - Charlotte NC, US
Anita Sabol - Huntersville NC, US
Dennis McInerney - Monroe NC, US
Janine Thomas - Broadbrook CT, US

International Classification:

G06F 9/45

US Classification:

717154000

Abstract:

This invention provides a compliance assessment system and tool for efficiently assessing compliance programs and managing compliance program assessments across an organization. Compliance activities are measured against a group of Compliance Program Element Requirements (CPR's) that are used to assess LOB compliance programs. The CPR's define the minimum standards for the LOB's documentation and execution of its compliance program. Assessment results are documented and a compliance program assessment data sheet is developed. A rating is also provided for the status of the documentation supporting the compliance program and the effectiveness of the execution of the compliance program. From these inputs the tool of the invention automatically calculates a score representative of the adequacy and effectiveness of the compliance program. The tool also assigns a color code based at least in part on the score. Reports may be generated that can be used to determine compliance trends.