In the IACM, what is the role of Compound/Accelerate Actions & Controls?

In the IACM, what is the role of Compound/Accelerate Actions & Controls?
A . To identify and address any potential conflicts of interest that may compound or accelerate enforcement actions against the company.
B . To enhance the brand image and reputation of the organization.
C . To accelerate and compound the impact of favorable events to increase benefits and promote the future occurrence.
D . To accelerate and compound the benefits of reducing costs.

View Answer

Answer: C

Explanation:

Compound/Accelerate Actions & Controls in the Integrated Actions and Controls Model (IACM) focus on amplifying the positive impact of favorable events and fostering conditions for their recurrence.

Objective:

Enhance the benefits derived from favorable events and outcomes. Increase the likelihood and magnitude of future occurrences of such events.

Examples:

Leveraging positive market feedback to expand brand loyalty. Scaling a successful project for broader application.

Why Other Options Are Incorrect:

A: Addresses conflicts, not the role of compound/accelerate controls. B and D: These are outcomes, not primary roles of this category.

Reference: OCEG IACM Framework: Discusses compounding benefits and promoting opportunities.