What does a compliance gap analysis evaluate?

A compliance gap analysis primarily evaluates the difference between an organization's current compliance status and the regulatory requirements it needs to meet. This process identifies any discrepancies or "gaps" that exist between what is currently being implemented and what is mandated by law or industry standards. Understanding these gaps is essential for organizations to ensure they comply with regulations, mitigate risks, and avoid potential penalties.

The focus of this analysis is deeply rooted in regulatory compliance, which necessitates a thorough understanding of applicable laws and standards and a critical evaluation of existing practices against these benchmarks. By identifying where compliance measures are lacking, organizations can develop strategies to bridge these gaps and enhance their overall compliance posture.