Which of the following is a primary component of an effective compliance program?

An effective compliance program is designed to ensure that an organization adheres to relevant laws, regulations, and internal policies. Regular audits are a primary component of this framework because they serve as a systematic method for identifying areas where compliance may be lacking or where there is potential for improvement. By conducting regular audits, an organization can assess its adherence to compliance protocols, uncover potential issues, and implement necessary corrective actions before problems escalate.

Additionally, regular audits help to foster a culture of accountability within the organization, demonstrating the commitment of leadership to compliance and ethical conduct. This proactive approach reduces the risk of violations and enhances the overall effectiveness of the compliance program. Other options, such as employee attendance records, social media monitoring, and recruitment strategies, are important in their respective contexts but do not directly contribute to the core functions of a compliance program.