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Compliance Auditing: What it actually means?
Compliance auditing is the periodic, structured testing of whether processes, transactions and records actually comply with the laws, regulations, contracts and internal policies that the organisation is supposed to follow. Auditors sample transactions, test controls, document exceptions and recommend remediation with timelines and owners. For regulated entities, this demonstrates to regulators and boards that controls operate in practice, not just on paper. For management, it highlights where processes are drifting and need strengthening. Regular audits reduce regulatory, financial and reputational risk.
