1.0 Introduction Compliance program is generally defined as a series of programs designed to achieve compliance by preventing companies from breaking laws and regulations (Ronald, 2009). According to the Commerce Commission, the establishment of an effective compliance program is in line 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 promote effective competition. A comprehensive compliance program aims to prevent the organization and employees from engaging in inappropriate behavior that could breach the Fair Trading Act and helps companies address the specific risks identified in the businesses. Many US companies have actually experienced internal company issues that indicate positive progress has been made since compliance program implementation (Deloitte and Compliance Week, 2013). This essay will further discuss the compliance program in two categories. First, it will determine the costs and benefits of having a compliance program in an organization. Apart from that, this essay will also explain the effects of implementing compliance program towards companies and their employees and how it can help in achieving the objective of Fair Trading Act 1986.2.0 Benefits of Compliance Program in BusinessesThe Idea to develop and implement corporate compliance program is to avoid improper behavior, promote compliance with the organization's legal and ethical obligations as well as effective competition between companies. any...... half of paper...... customer services. Therefore, establishing a compliance program creates a guideline that holds companies accountable for the actions they commit and helps identify any misconduct and crimes. However, implementing the compliance program requires higher costs and once companies introduce the compliance program, they are required to comply with the listed regulations. Disclosure of internal dealings may also disadvantage firms by creating a substantial risk that will undermine attorney-client protection of information. In my opinion, the company should consider developing and implementing an effective compliance program despite it having some disadvantages. This is because the compliance program is proven to help businesses achieve the purpose of the Fair Trading Act 1986 and promote effective competition between businesses.