Compliance:
See What Distinguishes a Diligence Audit
Published on Mon Feb 24, 2025
Question: I’m reading more about compliance and recently saw the term “diligence audit.” Is this a specific type of audit? Shouldn’t all audits be conducted with diligence? Minnesota Subscriber Answer: Diligence audits, which are especially deep dives conducted for purposes of verification, are typically reserved for specific situations. Three situations in which a diligence audit might make sense include during [...]