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A compliance framework is a structured set of guidelines that details an organization's processes for maintaining accordance with established regulations, specifications or legislation.
A compliance framework outlines the regulatory compliance standards relevant to tje organization and the business processes and internal controls the organization has in place to adhere to these standards. Such a framework can include communication processes, risk controls and governance practices for maintaining compliance. The framework should also specify which compliance processes overlap to help eliminate redundancies.
As regulations have proliferated in recent years, a market has developed to help organizations develop comprehensive compliance frameworks. The COBIT 5 framework and the Unified Compliance Framework are two popular resources for organizations trying to establish and manage best practices for maintaining corporate compliance.
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