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What is Compliance Rate?
Compliance rate quantifies the level of adherence to internal policies, security controls, and regulatory requirements. It is often expressed as a percentage during assessments or audits. In TPRM, compliance rate helps categorize vendors by risk, prioritize remediation, and understand gaps that may pose operational or regulatory exposure.
FAQs
How is compliance rate calculated?
Typically by dividing the number of compliant items by the total required items.
Is compliance rate useful for vendor scoring?
Yes, it provides an objective metric for performance and risk evaluation.
Should compliance rate be monitored continuously?
Continuous tracking offers earlier detection of control failures or delays.
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