Compliance Auditing and Regulatory Requirements

What Will You Learn?

• Day 1: Introduction to Compliance Auditing and Regulatory Frameworks
• Defining compliance auditing and its role in organizational governance.
• Overview of regulatory frameworks and how they impact business operations.
• Key compliance standards: ISO 19600, SOX (Sarbanes-Oxley Act), GDPR, HIPAA, and industry-specific regulations.
• Group Discussion: Exploring the relationship between regulatory requirements and business strategy.
• Day 2: Planning and Preparing for a Compliance Audit
• Developing a comprehensive audit plan: setting objectives, scope, and criteria.
• Identifying applicable regulations and understanding their impact on operations.
• Risk-based auditing approach for compliance assessments.
• Workshop: Drafting an audit plan for a compliance audit in a specific industry.
• Day 3: Conducting the Compliance Audit
• Collecting and analyzing data to assess compliance with regulations.
• Auditing processes, policies, and controls to ensure adherence to laws.
• Techniques for interviewing staff and reviewing documents to confirm compliance.
• Hands-On Exercise: Conducting a mock compliance audit using a regulatory checklist.
• Day 4: Identifying Compliance Risks and Gaps
• Analyzing findings to identify compliance risks and regulatory gaps.
• Evaluating how non-compliance could impact business operations and reputation.
• Developing corrective actions and recommendations to address compliance issues.
• Case Study: Reviewing a compliance audit report and suggesting improvements.
• Day 5: Reporting and Follow-up on Compliance Audits
• Writing an effective compliance audit report: structure, content, and recommendations.
• Communicating findings to senior management and regulatory bodies.
• Strategies for ensuring the implementation of corrective actions.
• Conducting follow-up audits to ensure compliance is maintained.
• Final Project: Presenting an audit report and recommending actions based on a simulated compliance audit.