General Regulatory Compliance (15 questions)
- Do you have a designated compliance officer or team?
- Are you aware of all regulations applicable to your industry and region?
- Do you regularly review changes in relevant laws and regulations?
- Is your compliance framework documented and up to date?
- How often is your compliance program audited internally or externally?
- Do you have formal policies and procedures aligned with regulatory standards?
- Are you registered with all required regulatory bodies?
- Do you conduct regular compliance risk assessments?
- How do you track and manage regulatory obligations?
- Have you identified key compliance gaps in the past 12 months?
- Is regulatory compliance part of your organizational strategy?
- Do you have a process for escalating and resolving compliance breaches?
- Are your compliance procedures integrated into your business operations?
- How is compliance performance reported to senior leadership?
- Are you prepared for surprise audits or inspections?
B. Data Privacy & Protection (10 questions)
- Are you compliant with global data privacy laws (e.g., GDPR, POPIA, CCPA)?
- Do you maintain an up-to-date data inventory?
- Is personal data collected, stored, and processed with consent?
- Do you have a data breach response plan?
- Are your systems secured to prevent unauthorized access to personal data?
- Do you regularly train staff on data protection practices?
- Is sensitive customer information encrypted?
- Can individuals request access or deletion of their personal data?
- Are third-party vendors compliant with your data privacy policies?
- Do you perform Data Protection Impact Assessments (DPIAs)?
C. Financial & Tax Compliance (10 questions)
- Are you up to date with all tax filings and obligations?
- Do you have controls to prevent financial fraud?
- Are financial records maintained according to accepted standards?
- Have you undergone any recent financial audits?
- Are financial disclosures transparent and accurate?
- Do you follow anti-money laundering (AML) regulations?
- Are there proper authorizations for financial transactions?
- Do you comply with currency exchange and cross-border payment regulations?
- Are tax incentives or exemptions accurately applied?
- How are irregular financial activities monitored?
D. Industry-Specific Regulations (10 questions)
- Have you identified all industry-specific regulatory authorities?
- Are licenses and permits current?
- Are you aware of pending industry regulation changes?
- How do you ensure frontline staff are compliant with operational standards?
- Do you meet safety and environmental regulations (where applicable)?
- Are your products/services certified as per regulatory standards?
- How do you report incidents or non-compliance in your industry?
- Are industry-specific training and certifications kept up to date?
- Is there a clear plan for adapting to new regulatory requirements?
- Do you benchmark compliance practices against peers?
E. Human Resources & Labour Compliance (10 questions)
- Do you comply with minimum wage and labor laws?
- Are employment contracts in line with local regulations?
- Are workplace safety and health standards followed?
- Is discrimination and harassment prevention training provided?
- Do you track employee hours, benefits, and leave accurately?
- Are payroll taxes and deductions properly calculated?
- Is there a whistleblower protection policy in place?
- Are disciplinary procedures documented and fair?
- Are foreign workers’ documentation verified and compliant?
- Are employee grievances documented and resolved?
F. Ethics, Governance & Transparency (10 questions)
- Do you have a published code of conduct?
- Are conflicts of interest declared and managed?
- Is there a clear policy for anti-bribery and anti-corruption?
- Are gifts, donations, and entertainment regulated?
- Do you conduct background checks on executives and board members?
- Are ethical breaches reported and investigated promptly?
- Is your board of directors actively involved in compliance oversight?
- Are stakeholders informed about governance practices?
- Are procurement and tender processes fair and auditable?
- Is lobbying or political engagement disclosed?
G. Training & Awareness (10 questions)
- Do all employees receive regular compliance training?
- Is compliance training tailored by department or role?
- Are new hires onboarded with compliance orientation?
- Are training records maintained and audited?
- Are refresher courses provided after policy updates?
- How is training effectiveness measured?
- Do employees understand their responsibilities under applicable laws?
- Are simulations or drills conducted (e.g., data breach, audit)?
- Do senior leaders model compliant behavior?
- Are compliance training modules evaluated for relevancy?
H. Technology, Systems & Cybersecurity (10 questions)
- Are IT systems designed to support regulatory compliance?
- Are cybersecurity measures aligned with legal standards?
- Is access to sensitive systems role-based and monitored?
- Are backups tested and stored securely?
- Are systems regularly patched and updated?
- Is there a response plan for IT security incidents?
- Is cybersecurity insurance in place?
- Do you monitor for vulnerabilities and threats?
- Are compliance logs and records maintained digitally?
- Is third-party software usage compliant with licensing terms?
I. Reporting, Monitoring & Improvement (10 questions)
- Do you track key compliance performance indicators?
- Are compliance issues logged and reviewed regularly?
- Is there a continuous improvement process for compliance?
- Are there regular compliance reviews by independent experts?
- Do you document lessons learned from compliance incidents?
- Are corrective actions tracked and completed?
- Is there a formal review of compliance objectives annually?
- Do you share compliance findings with stakeholders?
- How is compliance success measured?
- Is non-compliance reported to regulatory bodies as required?
J. Third-Party & Supplier Compliance (10 questions)
- Are vendors and suppliers required to meet your compliance standards?
- Is third-party compliance assessed before contracts are signed?
- Are subcontractors audited for regulatory compliance?
- Do you have a supplier code of conduct?
- How do you manage compliance risks from outsourced services?
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