Strategies to Implement Compliance Testing

By CIOReview | Wednesday, January 11, 2023

A effective compliance testing strategy allows testing teams to comply with regulations and streamline their processes by eliminating vulnerabilities.

FREMONT, CA: Organizations introduce new and revised laws that must follow updated compliance requirements. Companies employ compliance testing to test their products and regulations to ensure they meet standards and eliminate defects and weak spots. Through effective compliance testing practices, companies can gauge their standing and additional measures they need to streamline their offering.

Organizations can gain valuable insight into the company's performance. Accurate testing procedures follow best practices to limit regulation violations.

Plan compliance procedure: Teams need to develop a comprehensive idea of where they stand and what measures they can implement to meet compliance needs. Companies gain a comprehensive overview of their requirements by prioritizing goals. Teams must clarify compliance requirements based on statutory, regulatory, and contractual standards. Establishing a comprehensive plan eliminates the chance of repeated tests. Employees understand the correct testing approach through effective and well-planned testing requirement plans.

Asses risks: Risk assessment strategies deal with issues that arise in the initial planning stage. Teams must account for the right testing metrics while identifying the right data sources. Identify the risks and then establish how effective the control used to mitigate them is. Use a matrix to determine the residual risks for each requirement. Compliance testers can establish the appropriate time to test controls based on the residual risk.

Establish compliance testing method: Teams need to establish a viable method of compliance testing by defining, communicating, and reevaluating their method. An appropriate methodology should be developed by defining the test's purpose, scope, and objective and the sampling methodology to be employed. When errors or issues are discovered, it is important to establish a process for resolving them, and teams must define the process for reporting findings.

Schedule testing: Teams need to assess potential inherent or residual risks evaluated during the risk assessment to schedule testing based on risk severity. Monthly testing is appropriate for high-risk issues, whereas quarterly or annual testing is appropriate for low-risk issues. Business functions effectively group requirements for testing, and timeframes can offer data points to ensure adequate coverage.