COMPLIANCE AUDITING AND REGULATORY REPORTING

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[ ] Fetch Regulatory Requirements: Retrieve the latest list of applicable regulations and compliance standards from the Regulatory Data Model.
[ ] Assign Internal Auditor: Create a task for the Compliance Officer to initiate the audit scope definition.
[ ] Initialize Audit Record: Create a new entry in the 'Audit Logs' data model to track the start of the current audit cycle.
[ ] Execute Evidence Collection: Assign tasks to department heads to upload necessary documentation and proof of compliance.
[ ] Retrieve Collected Evidence: Fetch all uploaded documents and evidence entries linked to the current audit ID.
[ ] Calculate Compliance Gap Score: Execute a formula comparing 'Required Controls' vs 'Implemented Controls' to determine the gap percentage.
[ ] Summarize Non-Compliance Findings: Aggregate all 'High Risk' finding entries to count the total number of critical failures.
[ ] Update Audit Status: Update the Audit Record entry status to 'Review Phase' once evidence collection is complete.
[ ] Perform Discrepancy Review: Create a task for the Senior Auditor to review the findings and calculated gap scores.
[ ] Log Audit Finding: Create a new entry in the 'Findings' data model for every non-compliance issue identified.
[ ] Notify Stakeholders of Findings: Send an email summary of the audit discrepancies to the Legal and Operations departments.
[ ] Assign Remediation Plan: Create tasks for responsible owners to address the identified non-compliance entries.
[ ] Update Finding Resolution Status: Update the status of specific findings in the 'Findings' model once remediation tasks are marked complete.
[ ] Generate Final Audit Report: Generate a comprehensive compliance report summarizing the audit scope, findings, and remediation progress.
[ ] Submit Regulatory Report: Send the final generated report via email to the external Regulatory Body or Board of Directors.
[ ] Cleanup Temporary Drafts: Delete temporary or draft audit working papers that are no longer needed after the final report is finalized.

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