A Compliance Audit is a comprehensive review of an organization’s adherence to regulatory guidelines, standards, and internal policies. This audit involves the evaluation of various procedures, documentation, and operations to ensure they meet the necessary legal and regulatory requirements. Conducted by an independent auditor or a dedicated compliance team, the goal of a compliance audit is to identify areas where the organization may be at risk of non-compliance and provide recommendations for corrective action.
Example of Use:
A healthcare organization undergoes a compliance audit to ensure its patient data management practices align with HIPAA regulations. The audit reveals gaps in data encryption protocols, prompting the organization to implement stricter security measures.
Related Terms:
Equal Employment Opportunity (EEO)
