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Item: AC: I1AUDIT AND COMPLIANCE COMMITTEE Tuesday, February 1, 2022SUBJECT:REVIEW OF AUDITS: FY22A01, PERFORMANCE BASED FUNDING DATA INTEGRITY FY2022PROPOSED COMMITTEE ACTION Acceptance of the audit
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What is compliance audit?
A compliance audit is a review of an organization's adherence to regulatory guidelines and internal policies.
Who is required to file compliance audit?
Organizations subject to regulatory requirements or internal policies are required to file compliance audits.
How to fill out compliance audit?
Compliance audits are typically filled out by designated compliance officers or teams within an organization.
What is the purpose of compliance audit?
The purpose of a compliance audit is to ensure that an organization is operating within the legal and ethical boundaries set by regulations and policies.
What information must be reported on compliance audit?
Compliance audits typically report on adherence to specific regulations, internal policies, and any identified areas of non-compliance.
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