Compliance Assessment
/kəmˈplaɪəns əˈsɛsmənt/
Definitions
- (n.) A systematic process of evaluating whether an entity adheres to legal, regulatory, or contractual obligations.
The compliance assessment revealed several areas where the company failed to meet regulatory standards.
Forms
- compliance assessment
- compliance assessments
Related terms
See also
Commentary
Often involves reviewing policies, procedures, and practices against applicable laws; important for mitigating legal risks and ensuring organizational accountability.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.