A study on regulatory compliance
Keywords:
Regulatory compliance, legal requirements, corporate governance, risk management, compliance programs, data protection, financial regulations, ethical standards, internal controls, regulatory framework, corporate accountabilityAbstract
Regulatory compliance refers to the process by which organizations adhere to laws, regulations, guidelines, and specifications relevant to their industry. It ensures that businesses operate within legal and ethical boundaries, reducing risks associated with non-compliance, such as fines, legal action, and reputation damage. Compliance requirements vary by sector and jurisdiction, covering areas such as data protection, financial reporting, environmental laws, and labor regulations. Effective compliance programs involve risk assessments, internal controls, audits, and employee training. With increasing regulatory complexity, organizations often leverage technology and compliance management frameworks to maintain adherence and efficiency.
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