1.0 IntroductionCompliance program is generally defined as a series of programs designed to ensure compliance by preventing businesses from violating laws and regulations (Ronald, 2009) . According to the Commerce Commission, establishing an effective compliance program is aligned with the strategic objective of section (1A) of the Fair Trading Act 2007, which is to provide fair disclosure of information about goods and services to consumers and to promote effective competition. A comprehensive compliance program aims to prevent the organization and employees from inappropriate conduct that may contravene the Fair Trading Act and helps businesses address specific risks identified in businesses. Many U.S. companies have actually faced internal issues that demonstrate positive progress made through compliance program implementation (Deloitte and Compliance Week, 2013). This essay will discuss the compliance program in two categories in more detail. First, it will determine the costs and benefits of implementing a compliance program in an organization. Apart from this, this essay will also describe the effects of implementing a compliance program on businesses and their employees and how it can help achieve the objective of the Fair Trading Act 1986.2.0 Benefits of Compliance Program in companiesThe idea of ​​developing and implementing corporate compliance The program aims to avoid inappropriate conduct, promote compliance with the legal and ethical obligations of the organization as well as effective competition between companies. any...... middle of paper ......customer services. Therefore, having a compliance program in place creates a guideline that urges businesses to be accountable for the actions they commit and helps detect any misconduct and violations. Nevertheless, implementing a compliance program requires higher costs and once companies introduce the compliance program, they are required to adhere to the stated standards. Disclosure of internal reports may also disadvantage firms by creating a substantial risk that would forfeit the protection of attorney-client information. In my opinion, a company should consider developing and implementing an effective compliance program despite some drawbacks. Indeed, the compliance program is found to help businesses achieve the objective of the Fair Trading Act 1986 and promote effective competition between businesses..