Summary
This report examines the effects of the COVID-19 pandemic on compliance programs based on a survey conducted by the Society of Corporate Compliance and Ethics and the Health Care Compliance Association. The survey, conducted in May 2020, received over 300 responses and highlights significant changes in work habits among compliance professionals. A majority reported a shift to remote work, with 78% indicating they were working remotely either exclusively or mostly. The report details the transition experiences, noting that 40% found it went as expected, while 26% reported it went better than expected. Additionally, the report outlines an increase in inquiries to compliance teams, with 36% of respondents noting a rise in inquiries. Despite these challenges, collaboration with other departments has remained steady or increased. However, concerns about compliance failures and budget pressures have emerged, with 23% reporting budget reductions. The findings suggest a complex landscape for compliance professionals during the pandemic.
