What is the best practice for conducting an audit?

Conducting a concurrent audit and correcting upon finding is recognized as a best practice because it allows for real-time identification and resolution of compliance issues. This proactive approach ensures that discrepancies or lapses in adherence to regulations are addressed immediately, which can help prevent more significant violations or penalties in the future. By integrating audits into ongoing processes rather than treating them as isolated events, organizations can create a culture of continuous improvement and compliance.

In contrast, sporadic audits may not capture issues that arise between audit cycles, while relying on previous audits and only reviewing past records misses the opportunity to address current compliance concerns. Regular, real-time assessments support an organization's ability to adapt to changes and maintain regulatory standards effectively.