Audits are generally performed as part of which component of the CRMF?

Audits are a critical component of the Assurance phase within the Cannabis Regulatory Management Framework (CRMF). This phase is focused on providing confidence in the processes, compliance, and operational integrity of cannabis businesses. The Assurance component typically involves verifying adherence to regulatory standards and internal policies through systematic reviews and analyses, which are conducted during audits.

Through audits, organizations can assess their compliance with laws and regulations, identify areas for improvement, and ensure that they are operating within established guidelines. This ultimately enhances the credibility of the business and protects its reputation in the industry. Furthermore, audits help to identify potential risks and areas where mitigation measures may need to be developed, linking them back to broader risk management processes.

In contrast, the other options, such as risk assessment, policy development, and training and education, represent different aspects of risk management and compliance practices but do not specifically encompass the systematic verification involved in audits, making Assurance the most relevant choice for this question.