What is a Compliance Assessment?
A Compliance Assessment is a process to verify that organizations are in compliance to applicable environmental or health and safety regulations.
The compliance assessment:
- identifies potential gaps in regulatory compliance
- proposes measures to mitigate regulatory compliance issues
- predicts whether there will be significant penalties if compliance is not achieved
- includes a follow-up program
A compliance assessment is a risk management tool . The objectives of a compliance assessment are to:
- minimize or avoid issues of regulatory non-compliance
- incorporate regulatory factors into decision making.
