2. Don't confuse regulatory monitoring and regulatory compliance assessment, two inseparable processes.

Before you can "really" carry out the audit, you need to answer two questions:

• what are the site requirements?

• what are the obligations associated with the texts identified and applicable?

Answering these questions requires the implementation of a regulatory watch process (see Setting up a regulatory watch [FIC 0039] ). Regulatory monitoring involves identifying sources of information relevant to the company's activities, and drawing up a list of applicable regulatory requirements,...