Which action is typically taken during a compliance audit?

During a compliance audit, the primary focus is on assessing the organization’s adherence to regulatory standards and compliance policies. This involves a thorough examination of the company’s procedures, practices, and records to ensure they are in line with applicable laws and internal policies. Compliance audits aim to identify any areas of non-compliance, potential risks, and opportunities for improvement in processes that ensure regulatory adherence.

Reviewing financial practices, while important in some contexts, is more aligned with financial audits rather than compliance audits. Conducting employee performance reviews is related to staff management and not directly tied to compliance with regulations. Establishing new policy guidelines falls outside the scope of an audit as it pertains to developing policies rather than evaluating existing compliance with them. The central aim of a compliance audit is to verify that all regulatory and internal compliance standards are being met effectively.