HR compliance checklist Human resources FAQ Start your online business today. For free.Start free trial You’ve probably heard companies say, “Our people are our greatest asset.” It’s a common phrase in the business world, but some employers really take it to heart more than others. One...
"The securities laws use 'insider' in different ways," said Marc Fagel, a lecturer at Stanford Law School and former U.S. Securities and Exchange Commission (SEC) regional director. "There are statutory insiders (officers, directors, 10% shareholders) who have certain legal duties, but 'insid...
Amergeris generally defined as a combination of two or more business entities in which the assets, businesses, and liabilities of all the entities are transferred to one entity. The one entity continues in existence, while all the others cease to exist. Because it is a statutory transaction, ...
There is currently no single unifying regulation on auditing and compliance in Indonesia. Foreign investors will need to be aware that regulations regarding auditing, accounting, and financial reporting are stipulated over several laws and bylaws, and that a good understanding of these can ensure their...
Regulatory Compliance The increased regulation of the banking industry since 2008 has brought risks of misinterpretation of new regulations as well as risks arising from failure to implement the necessary changes to keep up with regulatory expectations. Banks must comply with the statutory requirements se...
7. Paying statutory compliances There are statutory deductions that businesses need to calculate such as TDS (Tax Deducted at Source), PF (Provident Fund),ESI (Employee State Insurance)in payroll execution. These amounts are calculated and then filed at appropriate government portals. If you do ...
Navigating at-will employment requires HR professionals to balance legal compliance, ethical considerations, and organizational objectives. Here’s a concise guide to managing at-will employment effectively: Stay informed: Keep abreast of changes in employment laws and educate management on the legalities...
For businesses that know they only need to comply with one law and have no intentions of expanding to other jurisdictions, it might be possible to handle compliance in-house. It will take time, resources, and effort, but it’s feasible. Once your business becomes subject to multiple laws, ...
Inventory management also requires rigorous costing to support internal management reporting and statutory financial reporting. Inventory costs used in production must comply with absorption costing methods for allocating both direct and indirect labor, as well as overhead, to products as they take shape...
In case of breach, residents must be notified without any delays. Consequences of non-compliance? Fines and penalties start from $2500 per violation and go up to $7500 per violation.There can be other statutory damages from $100-$700 for every incident, legal liabilities, reputational damages ...