What is Compliance?

December 27, 2007

The word compliance is used to refer to industry-wide government regulations and rules that cite how data is managed and the need for organizations to be in compliance with those regulations.

Compliance has become a major concern for organizations and businesses, due largely in part to increasing regulatory requirements.

Some of the specific regulatory compliance issues organizations have to contend with are the

1. Sarbanes-Oxley Act for all public corporations

2. Health Insurance Portability and Accountability Act (HIPAA) for corporations in the healthcare industry

3. SEC regulations for retention of all electronic correspondence with clients.

4. HR Compliance

5. Trade Compliance

6. Logistic Compliance

7. Environment Compliance

8. Food Safety Compliance

Source : ComplianceOnline