Glossary definition: Compliance Due Diligence

Compliance Due Diligence: Ensure Regulatory Compliance

Compliance Due Diligence is a process of assessing the compliance of an organization or individual with applicable laws, regulations, and industry standards. It involves a thorough review of all relevant documents, policies, procedures, and processes to ensure that the organization or individual is in compliance with applicable laws, regulations, and industry standards. This process also includes evaluating the organization or individual's compliance management system, which includes the policies and procedures they have in place to ensure compliance with applicable laws, regulations, and industry standards. Compliance Due Diligence is an important part of the overall risk management process, as it helps to ensure that organizations or individuals are meeting their legal and ethical obligations and are operating in a manner that is compliant with applicable laws, regulations, and industry standards.