Compliance monitoring is the process of ensuring that organizations adhere to laws, regulations, and internal policies. This involves regularly reviewing practices, procedures, and documentation to confirm that they meet required standards. Effective compliance monitoring helps prevent legal issues and promotes ethical behavior within the organization.
Organizations often use various tools and techniques for compliance monitoring, such as audits, assessments, and reporting systems. By implementing these measures, companies can identify potential risks and areas for improvement, ensuring that they remain compliant with relevant laws, regulations, and industry standards.