How To Perform a Compliance Audit

DISCUSSION TOPICS
What is a compliance audit? Why do they matter to collection agencies? What should the objective of a compliance audit be?
How often should compliance audits be conducted? Who should conduct them?
What should be done if errors or issues are found during a compliance audit? What should an agency do with the results of a compliance audit? Share them with clients?
Given the pending enactment of Regulation F, how should compliance audits be approached right now?
Does the size of a collection agency have any impact on the scope of a compliance audit?
Following the Hunstein ruling, would now be a good time for agencies to conduct compliance audits?
What are the benefits to conducting compliance audits?

[@Vistainfosecofficial]

4 People discussion gave different kinds of input, Keep up the good work!

[@davidmackay7943]

Any tips for carrying out a legal compliance audit I’m about to do my first one

[@JohnRandallIV]

how do I establish a compliance program at my organization