Compliance Audit / Assessment
We begin by conducting a meticulous review of all applicable legal, regulatory, and statutory compliances relevant to your operations. This allows us to assess your current compliance status, verify the accuracy of filings, identify documentation gaps, and detect any missed obligations. By evaluating each compliance requirement in detail, we help you understand your true compliance standing and highlight areas that require corrective or preventive action. This foundation ensures the rest of the assessment is grounded in clear, factual insights.
Our team then evaluates the effectiveness of your existing compliance framework. This involves studying the processes, controls, responsibilities, workflows, and governance structures that define your compliance operations. We examine how compliance activities are executed, monitored, documented, and escalated internally. This assessment helps determine whether your framework is robust, efficient, and aligned with industry best practices or if there are gaps that may expose the organization to regulatory or operational risks. A strong framework ensures that compliance obligations are not dependent on individuals but are integrated into the organization’s systems and culture.
For organizations using technology to manage compliance, such as our proprietary tool ReguCheck or any other compliance management software, we assess the adequacy of these tools. We review the comprehensiveness of the tool, the quality of its data, the accuracy of checklists, its usability, and how effectively teams are using it. This ensures that your digital compliance ecosystem supports timely tracking, documentation, reporting, and monitoring, rather than introducing inefficiencies or gaps. Proper use of compliance technology significantly reduces manual errors and enhances governance reliability.
A structured compliance risk assessment is also carried out to identify vulnerabilities across processes and functions. We analyze potential risks based on likelihood, impact, existing controls, and regulatory exposure. This helps prioritize areas requiring attention and lays the foundation for a focused risk mitigation plan. Understanding compliance risks enables the leadership to make informed decisions, allocate resources wisely, and strengthen overall organizational resilience.
We also perform a detailed review of statutory, regulatory, and internal compliance policies and procedures. This ensures they are up-to-date, clearly defined, easy to implement, and aligned with current legislation. We assess how effectively these policies are communicated and followed by different departments. Strong policies form the backbone of a consistent and sustainable compliance culture.
Our Approach Includes:
Review of Compliances
We conduct a thorough review of all applicable compliances to assess the current (as-is) status and ensure alignment with legal obligations.
Evaluation of Compliance Framework
Our experts analyze your existing compliance framework for its structure, effectiveness, and alignment with your industry’s best practices.
Assessment of Compliance Tools
We assess the compliance tool (such as ReguCheck) implemented in your organization to determine its comprehensiveness, usability, and coverage.
Compliance Risk Assessment
Identify potential compliance risks through a structured evaluation of processes, controls, and regulatory vulnerabilities across your business functions.
Review of Policies & Procedures
We examine your statutory and internal compliance policies to ensure they are up-to-date, clear, enforceable, and in line with current legislation.
With our audit insights, businesses can take informed steps to strengthen their compliance posture, improve governance, and reduce the risk of regulatory penalties. MSA ensures that compliance is not just a checkbox—but a strategic business function.