Compliance Management and Audits
When it comes to business no one is above the law. In the era where information is wealth, we have to ensure that information is secure. For this we need to follow certain legal rules and regulations. We need to first know and understand what rules and regulations are available and to be followed in all aspects of business like sales, operations, advertising, handling customer data etc. in order to be compliant and avoid legal issues, loss of business we need to know about the rules and what needs to be done. It is not the job of a particular person or team to ensure but rather the job of each and every person in the organization. This is where Compliance Management system comes into place. It is a set of manuals, processes that are in place to educate and ensure compliance for each person in the company. Not having a proper compliance management system will result in loss of credibility, business, revenue or all of the above.