Self-identification of Noncompliances (Self-reporting)
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Summary:
The ERO Enterprise looks for high levels of self-reported noncomplianc(s) as indicators that registered entities have good detective controls and strong cultures of compliance. Self-Reports and Self-Certifications are treated as internal identification of noncompliance, while Compliance Audits, Spot Checks, and all other methods of discovery are treated as external identification of noncompliance. The average internal discovery for the past five years has been about 85 percent and self-reporting itself has been about 80 percent, indicating that registered entities continue to identify and address potential noncompliance through their own internal controls. The most current data for 2022, indicates an average self-reporting value of 91 percent.
Additional Discussion:
As of the end of Q1 2022, 469 noncompliance were reported to the ERO Enterprise in 2022. If this trend continues through the end of 2022, the number of noncompliance discovered this year would be higher than in the previous two years and more in line with noncompliance levels last seen in 2018 and 2019.
