Document background
The Compliance Auditing and Monitoring Policy serves as a foundational document for organizations operating in Pakistan to establish and maintain effective compliance oversight mechanisms. This policy becomes essential when organizations need to demonstrate systematic compliance with Pakistani regulatory requirements, manage compliance risks, and maintain strong corporate governance. The document provides detailed procedures for implementing compliance monitoring programs, conducting internal audits, and establishing reporting frameworks. It specifically addresses requirements from Pakistani regulatory bodies such as SECP and SBP, while incorporating international compliance standards where applicable. The policy is particularly important in the context of increased regulatory scrutiny in Pakistan and the growing need for organizations to demonstrate robust compliance frameworks.
