Which of the following is a benefit of having strong compliance measures in place?

Having strong compliance measures in place is beneficial because it fosters the establishment of trust with stakeholders. When an organization demonstrates a commitment to compliance and ethical practices, it reassures stakeholders—including employees, customers, regulators, and shareholders—that it operates within the legal and ethical frameworks required by law and best practices. This trust is vital for maintaining positive relationships and can enhance the organization's reputation, leading to better business opportunities and stakeholder engagement.

On the other hand, legal risks, chances of fraud, and lack of accountability are detrimental aspects that strong compliance measures are designed to mitigate. A focus on compliance reduces vulnerability to legal challenges and fraud, as it promotes transparency, accountability, and adherence to regulations.