Disclosed herein is a method and system for determining quality of an input document during risk and compliance assessment. The method includes receiving input document for risk and compliance assessment, identifying a document type, and at least one sub-type of the input document using a Natural Language Processing (NLP) technique and a trained neural network model. Layout of content present in the input document is detected based on each of a plurality of segments extracted from content and structural parameters associated with respective segments. A document review model is identified from a plurality of document review models based on type and at least one sub-type of input document. Thereafter, the quality of the input document and a compliance score is determined by identifying one or more deviations of content of the input document from content of a predefined template for the input document.