What is a Compliance Audit.
A compliance audit is a comprehensive review of an company's adherence to regulatory guidelines. Audit reports evaluate the strength and thoroughness of compliance preparations, user access controls, security policies, and risk management procedures over the course of a compliance audit.
What is the purpose Legal Compliance Audit.
A Legal Compliance Audit offers a snapshot view of the status of legal compliance of an company at a specific time. A Legal Compliance Audit highlights deviations, non-compliance and risks in respect of legal compliance that could negatively impact on the organisation, its management and employees. It can also give assurance to the board of directors and senior managers of a company that sufficient internal controls are implemented to manage legal compliance risks.
How frequently must a Legal Compliance Audit be conducted?
As there is no legal requirement prescribing this, and the certification standards such as ISO14001 and ISO45001 do not prescribe any frequency, it is up to the organisation to determine the frequency of Legal Compliance Audits.