Document background
The Compliance Auditing and Monitoring Policy serves as a crucial governance document for organizations operating in Nigeria's complex regulatory environment. It is designed to ensure systematic oversight of compliance with both internal policies and external regulations, including requirements from Nigerian regulatory bodies such as the Corporate Affairs Commission, Central Bank of Nigeria, and Securities and Exchange Commission. The policy becomes essential when organizations need to establish or strengthen their compliance monitoring framework, particularly in response to regulatory changes, risk assessments, or organizational growth. It includes comprehensive procedures for conducting audits, monitoring activities, reporting mechanisms, and remediation processes, all contextualized within the Nigerian legal and business framework.
