With any compliance audit, there’s a chance that the process will uncover deficiencies. These are often subject to penalties, including fines. Penalties will still apply even when the company works to fix the issue for better compliance. However, it’s always important to undertake these compliance audits, or the organization could risk more severe penalties, including lawsuits and suspension.
Our compliance audit professionals can work with you to understand your business strategy and its associated business drivers, and how that strategy is delivered through an appropriate operational business plan and process framework. Your stakeholders will benefit from experienced independent professional evaluations and a review of the quality and effectiveness of the control environment within your organisation.