If you’ve got an audit problem, you’ve got a records problem.

“Regulatory audits are enjoyable experiences.”

That’s what organisations say when they have good records.

The audit process is smooth, efficient, and low stress, because they’re permanently ready.

Mostly though, regulatory audits aren’t enjoyable experiences. They are high stress, and there’s a huge rush of last minute work to try and be ready.

The last minute rush is record assembly.

It’s trying to create complete records out of all the pieces of information collected and created by your process.

When you have a complete record, you can hand it to the auditor knowing that it’s everything you have.

And the audit is, for lack of a better word – enjoyable.

Author: Karl Melrose

Thinker about how to think about economics, security, risk, technology and incentives. Out to solve every optimising problem, out to make sure my thinking gets better, every day.

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