Compliance

According to PowerDMS.com, “The definition of compliance is “the action of complying with a command,” or “the state of meeting rules or standards.” In the corporate world, it’s defined as the process of making sure your company and employees follow all laws, regulations, standards, and ethical practices that apply to your organization and industry.”

In business, this encompasses internal policies and procedures. It also encompasses both state and federal laws. Training and compliance processes should be ongoing, not just when an audit is coming. This aids in detection and prevention of potential violations, curbing potential fines. Organizations should establish a process that allows them to consistently and accurately govern their specific compliance policies.