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To track who has read policies in Office 365, start by storing your policies in a SharePoint document library. To ensure staff acknowledge they've read the policies, copy the link to these documents for future reference. Next, create a Microsoft Form as a receipt for policy acknowledgment. Title the form "Policy Receipt Form" and include a single choice question asking if the individual has read and understood the policy contents. This method allows you to maintain a record of compliance efficiently and effectively within the Office 365 environment.