Compliance Glossary

A compliance report is a document that summarizes the results of an evaluation of an organization’s compliance with relevant laws, regulations, standards, or policies. They are used to assess an organization’s adherence to these requirements and to identify any areas where the organization may be non-compliant.

Compliance reports may be prepared by internal teams or by independent third parties, such as auditors or consultants. They may be based on various sources of information, including documents, interviews, observations, and testing of transactions or controls.