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What is the term compliance in relation to the business?

Updated: 8/18/2019
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13y ago

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Compliance means in business ,Respecting law of the land in general and Strictly adhering to the specifically business related regulations.

Compliance is an extension to Audit function, where in any modification wrt Processes and Procedures, or any other regulation as laid by the stipulated authorities are cleared by ensuring that the same is compliant to related Laws and Regulations as defined by the Authorities.

Basically they are Legal Rule Book watch dog.

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