There are certain things an organisation must do. These may be defined internally (in the case of the University through the statutes and regulations) or externally in law, such as financial and HR regulation. These can be checked through the audit process, both internal and external – part of our assurance.
Key compliance requirements include managing conflict of interest, fraud prevention, whistleblowing, employee conduct, and financial assurance. Additionally, the University and therefore the Medical Sciences Division are subject to the Prevent Duty and Public Sector Equality Duty. Funders will have their own requirements that must be complied with and may be audited.
With compliance comes questions of assurance and reassurance. They are not the same thing – reassurance is subjective, being satisfied with a response; assurance is objective, backed with proof and certainty.
The University has a central assurance function, which provides independent assurance to assist with these responsibilities. While compliance has the potential to sound somewhat daunting, when embedded properly (and when staff are aware of what they have to comply with) it instils confidence and helps the flow of project management.
Discover the history of the University Statutes.