What is a compliance audit?
An audit to ensure that a company is following all the rules and regulations, policies, laws, and contractual requirements is called a compliance audit. To make sure the company is following all the rules and regulations, it has to conduct a thorough audit of its operations, activities, and records. Companies in highly regulated areas, like healthcare, manufacturing, and finance, must undergo compliance audits to protect themselves from legal risks, financial penalties, and harm to their brand.
