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Glossary › Compliance Management
What is Compliance Management?
Compliance management ensures an organization consistently meets applicable rules through coordinated processes, controls, and oversight. It includes policy governance, risk assessments, testing, remediation, reporting, and training. In TPRM, compliance management extends to evaluating third-party adherence to regulations such as privacy laws, financial rules, and security standards.
FAQs
How does compliance management connect to TPRM?
It requires evaluating and monitoring third-party compliance with relevant regulations.
Is automation helpful in compliance management? nce teams?
Yes, automation improves tracking, reporting, and audit readiness.
What role do controls play in compliance?
Controls provide the mechanisms for meeting compliance requirements.
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