Overview
Compliance strategies are essential for organizations to operate within legal frameworks and maintain ethical standards. By implementing effective compliance measures, businesses can avoid legal penalties, enhance their reputation, and build trust with stakeholders. Understanding the various regulat...
Key Terms
Example: A company must ensure compliance with environmental laws.
Example: The GDPR is a regulation on data protection.
Example: Risk management helps prevent financial losses.
Example: Internal controls prevent fraud in financial reporting.
Example: An audit checks for compliance with financial regulations.
Example: Ethics guide decision-making in business.