Glossary
Compliance report
Apr 6, 2024
What is a compliance report?
A compliance report is a way for companies to keep track of their compliance with laws, regulations, and standards. There are many types of compliance reports, which include everything from financial reporting to health and safety audits. A compliance report can be used by any business or organization that needs to assess its performance against certain criteria in order to ensure they meet the relevant standards required by law.
The following are the components of a compliance report:
- A summary of any changes in policies or procedures since the last reporting period.
- A summary of any changes in legislation affecting the company since the last reporting period.
- The number of employees who have been trained on these new policies or procedures within 30 days after implementation of said new policy/procedure (or as soon as possible).