Which is NOT a misleading assumption about compliance responsibility?

The reasoning behind the selection of the correct answer lies in the understanding of compliance responsibility within an organization. The notion that "Only the Compliance Committee can enforce rules" suggests a narrow view of compliance enforcement, implying that responsibility lies solely with one group. In reality, compliance is a comprehensive endeavor that involves multiple levels of an organization.

A well-rounded compliance program requires input and active participation from various stakeholders, including upper management, staff across different departments, and the Compliance Officer. This collaborative approach not only enhances the effectiveness of compliance efforts but also fosters a culture of accountability where everyone shares a stake in adhering to regulations and standards.

By recognizing that compliance is not solely the responsibility of the Compliance Committee or any single party, it emphasizes the importance of a collective commitment to ethical behavior and adherence to laws and regulations within the organization. This understanding helps to build a robust compliance environment where everyone plays a role in ensuring that effective policies and practices are upheld.