How frequently should vendor compliance audits take place?

Vendor compliance audits should be performed regularly to ensure that vendors continue to meet contractual and regulatory requirements. The frequency of audits varies based on factors such as the type of services provided, industry standards, and past audit results. While annual audits are commonly recommended, vendors considered higher-risk may require audits every six months or even quarterly. Changes in regulations or the vendor’s operations may also necessitate an immediate audit. Regular audits help minimize risks, promote accountability, and strengthen business relationships by ensuring consistent compliance.