What is compliance? Compliance or regulatory compliance is a term used across industries to describe rules and policies that prohibit or regulate specific products, services, or processes. Often legally binding and enforced by government agencies, compliance standards are federal, state, and municipal ...
State-owned enterprises (SOEs) directly under the central government have released 868 guidelines of compliance in key areas, and defined 5,000-plus job compliance responsibilities; SOEs and financial institutions directly under the central government and their branches have formulated and updated more t...
The main responsibilities of a CCO include ensuring the organization is able to both managecompliance riskand pass acompliance audit. The exact nature of a compliance audit will vary, depending on factors such as the organization's industry, whether it is a public or private company, and the n...
The article reports on the accomplishment of Sarbanes-Oxley compliance regarding the financial, customer, and employee data security required by the U.S. congress. In judging whether Sarbanes-Oxley has improved their confide...
One example of a compliance cost is the cost shouldered by financial institutions to make sure they file appropriate documents with government regulators, record transactions appropriately, and train their personnel in regulatory compliance. This can be quite expensive and may require hiring new staff ...
What is ADA compliance? ADA compliance is providing a website all users can access, per the Americans with Disabilities Act. Learn more now!
Maintaining compliance is a given benefit of IT governance, not because it’s a nice-to-have but rather a mandatory practice that organizations must fulfill. But regardless of which industry you’re in, you can experience a multitude of other benefits from effective IT governance, too. ...
Regulatory compliance is an organization’s adherence to laws, regulations, standards, guidelines, and specifications set forth by governments, agencies, trade groups, and other bodies. Generally, regulations that drive compliance are implemented to protect someone or something (e.g., employees, consume...
What Is Voluntary Compliance? Voluntary compliance refers to the principle that citizens will cooperate with their government by filing honest and accurate annual returns. The U.S. income tax system operates under this assumption, though not without checks and balances. ...