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What are the objectives of compliance audit?

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Question added by Abdullah Mahhaden, CFA, CPA , Assurance Manager , Grant Thornton
Date Posted: 2013/06/15
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by Deleted user

Compliance programs assist organizations in preventing inadvertent employee violations, detecting illegal activities, and discouraging intentional employee Violations.
They can also help prove insurance claims, determine director and officer liability create or enhance corporate identity, and decide the appropriateness of punitive damages.

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