Document background
The Compliance Auditing and Monitoring Policy serves as a crucial governance document for organizations operating in Malaysia's regulatory environment. This policy is essential for establishing systematic approaches to compliance oversight and risk management, particularly in light of increasing regulatory scrutiny and corporate governance requirements in Malaysia. The document outlines detailed procedures for planning, conducting, and reporting on compliance audits, while ensuring alignment with key Malaysian legislation such as the Companies Act 2016 and industry-specific regulations. Organizations should implement this policy to demonstrate their commitment to regulatory compliance, establish clear accountability for compliance monitoring, and maintain effective internal control systems. The policy is particularly relevant for organizations subject to multiple regulatory requirements or operating in heavily regulated sectors within Malaysia.
