Compliance Audit
A compliance audit involves a systematic evaluation of an organization's practices and operations, primarily aimed at determining adherence to internal guidelines, regulations, policies, and procedures. The resulting audit report will address the robustness of compliance measures, security protocols, risk management strategies, and user access controls identified during the assessment.
This type of audit examines the extent to which an organization follows its internal rules, regulations, standards, and codes of conduct. It also evaluates the efficacy of the organization's internal controls through various auditing methods. Compliance audits may be conducted by external entities, such as regulatory agencies, to ensure that a business is following the relevant industry regulations.
