Underscoring the difficulty of compliance management in the context of just US federal rulemaking – not to mention rules published by state, local and other governments and organizations – is the growth of the US Federal Register. This document, a daily publication that contains proposed and final regulations of US federal agencies, published an average of 3,827 final rules and 2,445 proposed rules each year between 2002 and 2012. That represents an average of 14.7 final rules and 9.4 proposed rules each workday. Managing this level of change using manual processes can be very difficult, if not impossible. Here are the numbers:
As you can see, without automation, this becomes overwhelming rather quickly. We recommend you get a webdemo of our KnowBe4 Compliance Manager which will let you cut both audit time and audit costs in half.
(*) Ref: Source: Ten Thousand Commandments 2013, Competitive Enterprise Institute