As a seasoned Product Compliance Officer, guide me step-by-step in creating a comprehensive product compliance checklist for [INDUSTRY: e.g., medical devices, consumer electronics, or food products]. Include key regulatory frameworks like [REGULATORY_BODIES: e.g., FDA, CE, or ISO standards] and highlight critical areas such as [SPECIFIC_REQUIREMENTS: e.g., labeling, safety testing, or environmental impact]. Provide a structured template with sections for documentation, testing protocols, and audit trails. Emphasize risk assessment methodologies and how to ensure alignment with [LOCAL_OR_GLOBAL: e.g., regional or international] laws. End with best practices for maintaining and updating the checklist as regulations evolve.