Tag: compliance

In general, compliance means conforming to a rule, such as a specification, policy, standard or law. Regulatory compliance describes the goal that corporations or public agencies aspire to achieve in their efforts to ensure that personnel are aware of and take steps to comply with relevant laws and regulations.
Due to the increasing number of regulations and need for operational transparency, organizations are increasingly adopting the use of consolidated and harmonized sets of compliance controls. This approach is used to ensure that all necessary governance requirements can be met without the unnecessary duplication of effort and activity from resources.
The International Organisation for Standardisation (ISO) produces international standards such as ISO17799. The International Electrotechnical Commission (IEC) produces international standards in the electrotechnology area.
Corporate scandals and breakdowns such as the Enron case of reputational risk in 2001 have highlighted the…