Compliance auditing, what a process. There are always so many potential areas to be audited, and often it is difficult to decide where to start. How many different risk areas did you identify when you were working on your compliance plan? Can you possibly audit all of these areas? Did you rate or rank the risks to identify where you have the biggest concerns?
Do you have the resources; time and or people? Do you have the expertise? Do you have an internal audit team or are you using contract auditors?
How often should you audit? What do you do with the audit findings? I am tired already, and we haven’t even gotten started.
*Updated from original post on 11/15/2016Read More