What role do external compliance consultants typically play?

External compliance consultants play a critical role in an organization by providing expertise and guidance for compliance programs. They bring specialized knowledge of regulations, industry standards, and best practices that can help businesses navigate complex compliance landscapes. By assessing the current compliance status, identifying potential risks, and recommending strategies for improvement, these consultants enable organizations to establish effective compliance frameworks. Their objective perspective and experience in various industries can be invaluable in shaping a compliance program that aligns with legal requirements and organizational goals.

Other roles and functions mentioned, such as offering training to lower-level employees, conducting all operational functions, or drafting company policies independently, do not entirely capture the primary function of compliance consultants. While they may engage in some training or contribute to policy development, their main contribution is centered around providing strategic guidance and expertise to ensure a robust compliance structure is in place.