Compliance and Record-Keeping
The Compliance and Record-Keeping process step involves ensuring that all activities are conducted in accordance with established laws, regulations, and organizational policies. This includes maintaining accurate and up-to-date records of all transactions, communications, and decisions made during the process. The objective is to prevent errors or omissions that could lead to non-compliance and potential legal or reputational risks. Records must be stored securely and retrievable in compliance with regulatory requirements. In this step, the integrity of data and documentation is verified, and any discrepancies are investigated and addressed. Compliance officers review processes for adherence to policies and procedures, while also ensuring that all necessary documents are properly signed, dated, and archived. This step helps maintain transparency, accountability, and trustworthiness throughout the process.