What is the compliance audit process?

What is the compliance audit process?

The compliance audit process involves evaluating an organization's adherence to regulatory guidelines and internal policies.

What are the key steps involved in this process?

Key steps include planning the audit, conducting fieldwork, reporting findings, and following up on corrective actions.

How often should compliance audits be conducted?

Compliance audits should typically be conducted annually, but the frequency can vary based on industry regulations.

What are common challenges faced during compliance audits?

Common challenges include lack of documentation, resistance from staff, and keeping up with changing regulations.