Automation of compliance audits: relevance

In every company, there are processes whose automation is more of a necessity than a benefit, and one of them is internal compliance audits. When we talk about this type of audit, we refer to evaluations designed to verify whether a company or entity is complying with the legal, regulatory, and technical requirements applicable to its operations. Among their purposes, we can find the following:

1. Verify that the company complies with all applicable laws and regulations in its sector. This can include environmental protection laws, financial regulations, labor standards, among others.

2. Ensure compliance with industry-specific standards and regulations, such as International Financial Reporting Standards (IFRS), ISO standards (e.g., ISO 9001 for quality management or ISO 27001 for information security), and other relevant technical standards.

   
   

3. Confirm that the organization complies with contract agreements established with clients, suppliers, and other stakeholders. This includes reviewing the terms of contracts to ensure that deliveries of products or services are made as agreed.

   
   

4. Verify that the company's internal policies and procedures are followed. This ensures that internal operations align with the expectations and strategic objectives of the organization.

Now, why is this automation recommended? There are various reasons that may vary depending on the company and the scope; however, in general, the causes are as follows:

1. Minimizes risks: they help identify and mitigate legal, financial, and reputational risks associated with non-compliance with laws and regulations.

2. Protects reputation: maintaining compliance helps protect the company's reputation among customers, partners, and the general public.

3. Continuous improvement: they provide recommendations to improve internal processes, which can result in more efficient and effective operations.

4. Prevents penalties: they help avoid fines, legal sanctions, and other costs associated with non-compliance with regulations and laws.

There are various ways to perform audits, the most common being through internal company auditors or external auditors; however, with the advancement of technology, the option to perform audits automatically is now at our fingertips. How? Through the Sora platform. 

Sora® is a labor compliance platform that allows you to manage and automate your employees' documents through workflows, as well as ensure they are up to date according to Mexican regulations, thanks to the fact that it allows you to identify if employee files are complete and if all documents requiring a signature have already been signed.