Compliance
Compliance Reporting
Systematic process of collecting and presenting data to demonstrate adherence to compliance requirements
Internal Compliance Reporting
Ensure that an organization is following its internal policies and procedures
External Compliance Reporting
Demonstrate compliance to external entities such as regulatory bodies, auditors or customers, often mandated by law or contract
Compliance Monitoring
Process of regularly reviewing and analyzing an organizations operations to ensure compliance with laws, regulations and internal policies
Non-Compliance Consequences
Fines
Monetary penalties imposed by regulatory bodies
Sanctions
Strict measures taken by regulatory bodies to enforce compliance
Reputational Damage
Negative impact on the companies reputation
Loss of License
Loss of companies license to operate
Contractual Impacts
Consequences or effects that arise as a result of a contract between parties