work overtime without reporting the hours.
Statutory means it is required by Law. Regulatory means it is required my regulatory bodies such as the FSA in Great Britain and Northern Ireland.
What is a reporting entity in accounting?
what is complete reporting and documentation
objectives or purpose of management reporting
reporting
Information reporting refers to the process of reporting financial or non-financial information to regulatory authorities, tax agencies, or other relevant parties. This helps ensure transparency, compliance with regulations, and accuracy in reporting financial transactions.
work overtime without reporting the hours.
Regulatory requirements that mandate reporting of financial and non-financial information to varied government agencies is called statutory reporting. IAS, IFRS, Basel II, and Sarbanes-Oxley are just some of the better-known examples of the regulatory compliance's. Each industry has its own additional set of statutory reporting laws and regulations. Bankers and insurance companies have numerous fiscal filing requirements in each state in which they do business. Publicly held companies have additional sets of SEC reporting requirements that must be met.
Financial (external) reporting produces information used by external users, investors, regulatory authorities, etc. who are concerned with the overall financial situation of the company. External reporting should put a premium on accuracy and understandability. Cost Management (internal) reporting or accounting focuses on analyzing costs and their drivers--for internal purposes such as measuring efficiency or decision making processes. Although accuracy and understandability are still important, internal reporting focuses more on timeliness and relevance.
Assuming you meant RIDDOR - It's Reporting of Injuries, Diseases and Dangerous Occurrences Regulations
These standards are important because external financial reporting can demonstrate financial accountability to the public. They are the basis for many legislative and regulatory decisions, as well as investment and credit policies.
I beleive that the Nuclear Regulatory Commission (NRC) is a Regulatory Commission.
A successful Asset Management program helps organizations in such key areas as: Financial and regulatory reporting. Technology cost management and reduction.Software license management.Emergency preparedness and recovery.
Regulatory
A regulatory agency (also regulatory authority, regulatory body or regulator) is a public authority or government agency responsible for exercising autonomous authority over some area of human activity in a regulatory or supervisory capacity. An independent regulatory agency is a regulatory agency that is independent from other branches or arms of the government.
External auditing process Internal auditing process Internal controls Conflicts of interest (code of corporate conduct, fraud presentation) Financial reporting process Regulatory and legal matters