Compliance Monitoring and Auditing

 

Why should you attend this workshop?

Monitoring and auditing compliance are essential components of an organization’s compliance program. While they may appear similar, their purposes, depth of analysis, timing, and actors differ significantly. Compliance monitoring is typically conducted by Compliance Managers, while compliance audits are performed by Internal Auditors.

The primary purpose of compliance monitoring is to ensure continuous adherence to laws, regulations, and internal policies in daily operations. Compliance audits, on the other hand, are conducted periodically (e.g., annually) and involve an in-depth examination of an organization’s compliance with applicable laws, regulations, policies, and procedures over a specific period. Audits are usually retrospective and focus on identifying areas for improvement, while monitoring is proactive and geared towards preventing non-compliance and addressing potential issues as they arise.

Both compliance monitoring and auditing are critical for identifying and addressing non-compliance, mitigating risks, and demonstrating a commitment to ethical and responsible behavior. They also help organizations avoid legal and reputational consequences.

This workshop provides a detailed overview of the differences between the two processes and explains all the steps required for their effective implementation.


Workshop content

Compliance Monitoring:

  • How does an organization ensure compliance objectives are achieved?
  • What to measure and when? – Performance indicators
  • Which methods and analyses to use?
  • How to evaluate the effectiveness of the compliance program?
  • Documentation and reporting

Compliance Audit:

  • How to define compliance audit objectives?
  • Risk-based auditing
  • How to collect relevant data and documents for a compliance audit?
  • Root-cause analysis
  • Data analysis and recommendations for improvement
  • Reporting and corrective action planning

Who should attend?

  • Compliance Officers / Heads of Compliance / Compliance Managers
  • Internal Auditors
  • Employees in compliance departments
  • Individuals collaborating with or supporting the compliance function (Legal Department, Risk Managers, etc.)

Learning outcomes:

  • Understand the difference between compliance monitoring and compliance auditing
  • Define all steps in implementing compliance monitoring
  • Master all steps in conducting a compliance audit
  • Understand the responsibilities of a Compliance Officer and an Internal Auditor
  • Recognize the importance of monitoring and auditing compliance programs

Online Registration
Training Calendar


About the trainer:

Marta Ambrinac
Supervisor, Audit and Assurance
Certified Internal Auditor (HZRFD)
ISO 37301 Compliance Management Systems – Lead Implementer, CROWE Croatia

Marta Ambrinac graduated in Finance from the Faculty of Economics, University of Zagreb. She began her career at Deloitte Zagreb, a Big 4 firm, gaining experience in auditing financial statements, risk assessment, and internal controls, which remain her primary areas of focus.

After leaving external audit, she earned the Certified Internal Auditor designation and spent seven years at VB Leasing d.o.o., where she was responsible for overseeing the internal audit process. This included preparing strategic and annual plans, conducting individual audits of leasing business processes, and monitoring the implementation of recommended actions.

In 2020, she joined Croatian Lottery as the Head of Compliance, focusing on identifying, documenting, and managing risks faced by the organization. She earned the ISO 37301 CMS Lead Implementer certification in 2022 to further enhance her expertise.

Since the beginning of 2024, Marta has been employed as a Supervisor at Crowe Revizija d.o.o., where she organizes and conducts outsourced internal audit services for clients.