When engaged in a business, there are several compliances that the company and employees must follow diligently. Compliance is an integral part of business processes which not only provides structure but also ensures that employees and the organization abide by internal rules of conduct and external rules and regulations.
It may include a company’s written values, ethics policy, employee handbook and legal obligations.
Adherence to business processes guides the managers to plan, organize, control and lead activities that ensure compliance with standard protocols. These activities majorly include internal audits, security procedures, risk control, developing reports, verifying documents, developing, and implementing