‘Compliance Monitoring’ is a misleading term; misleading in that it gives the impression that ‘compliance’ is about nothing more than auditing. There is far, far more to the field of compliance than mere auditing (although, that is a considerable skill in itself). The oft-forgotten element is exploiting the specialist knowledge of the compliance post-holder, in the resolution of regulatory problems.
This article is intended to address, albeit briefly, some of the issues regarding the cost of compliance.