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Posted on Jun 14, 2018

Are Your Field Audits Current with State and Federal Regulations?

By George Collado
Read Time: Min

By Implementing a Central Hub for Field Audit Information, You Can Monitor Compliance in Real-Time.

Field audits are crucial for detecting potential threats to compliance. While hardcopy manual field audits are still common, they might not be recognizing potential threats, which puts your business at risk of non-compliance. By implementing a digital field audit process with advanced data analytics, you can stay informed and gain valuable insights that were never before possible. With the increased risk of emerging and strengthening state and federal compliance requirements, it’s important to have accurate and consistent information at your fingertips.

Utilizing a Central Hub for Data Collection and Analysis

In order to ensure compliance with state and federal regulations, you need real-time access to internal audit information. This means having a single point of reference for auditors and senior management to update, access, download, and manage audit information.

With multiple field audits taking place across different locations, divisions or departments, it’s essential to have access to a centralized hub that displays real-time data. Not only does this keep everyone informed and eliminate the hassle of riffling through hard copies and time-consuming data entry, it also allows managers to easily monitor performance against compliance milestones and take corrective action.

Using data analytics for field audits also allows you to track audit lifecycles. This improves follow through and helps improve compliance across the organization as a whole.

What to Consider When Implementing a Data-Driven Field Audit Process

When you start looking to implement a data-driven digital field audit process at your organization there are some things to consider.

First, you need to ensure that audit work papers and other documents are easily accessible to the field auditors. This means that they will be able to update and access the necessary documents to provide real-time information.

It is also important to make sure that you have the ability to drill down into specific issues through data analytics. This will allow you to get to the root cause of potential threats and make the necessary adjustments to avoid non-compliance.

Finally, you need to ensure that your audits can be viewed in the digital sphere in real-time and that patterns and trends can be deduced from the data through analytics. By viewing data in real time, you can take immediate and informed steps to mitigate potential risks that may lead to non-compliance.

Let MyFieldAudits Be Your Single Point of Reference for Compliance Information

Having a single point of reference to gather compliance data and analysis is key for ensuring that you remain in compliance. At MyFieldAudits, we offer a digital analytics tool that gives you control over the audit process throughout the entire life cycle. This not only gives you access to more detailed information, it also helps ensure compliance by giving you real-time access to data. If you are interested in learning more about what MyFieldAudits can offer, please contact us today at info@MyFieldAudits.com.