Question

Which of the following report would you write to rectify a mishap and explain who is/are responsible?

1) Recommendation report.
2) Due diligence Report.
3) Compliance Report.
4) Failure Analysis Report.

Answer 1

Answer:

3) Compliance Report

Explanation:

Compliance report is basically written to find out the discrepancies and all the gaps and mishaps, moreover, the person responsible for those mishaps is identified as well. Compliance report also make sure that company is complying with the set rules and regulations or not. If not, then what are the reasons. Different procedures are held accountable here, they are checked and analysed as well. Afterwards these compliance reports are forwarded to the most senior level managers, executives and CEOs so they can decide about the company polices, vision and objectives, therefore, these reports are of much importance for any organization.