Compliance and Regulation Management Review Memo

This tool outlines the steps for the review of policies, procedures and internal controls within a company’s compliance regulation management function.

The primary objectives include: determine whether policies and procedures exist and are adequate in identifying and monitoring compliance with applicable laws and regulations; determine the laws and regulations in which lack of compliance most greatly affects the company; review the compliance processes and controls associated with the selected areas and review adherence to policies and procedures; and determine the status of internal audit’s recommendations delivered to the company.