What consequence can arise from failing to report compliance issues?

Failure to report compliance issues can lead to increased risk of legal repercussions. When compliance issues are not reported, they go unaddressed, which can result in violations of regulatory requirements or company policies. This negligence can expose the organization to legal actions, penalties, and fines. Moreover, if compliance issues escalate due to a lack of reporting, the consequences can become even more severe, potentially harming the organization’s reputation and operational viability. Taking proactive measures by reporting these issues can mitigate risks and ensure that the organization complies with legal standards, ultimately supporting a culture of integrity and accountability.