Getting Compliance Under Control
What is compliance? In its simplest form, compliance means adhering to a policy, regulation, specification, or standard.
Many businesses comply with standards such as those specified by ISO or other quality systems standards to ensure the quality of products and services and gain customer confidence and acceptability. Public and private entities may require that their suppliers possess ISO or other quality systems accreditation.
And, with proliferating regulations like the Sarbanes Oxley Act, the Freedom Of Information Act, and the Health Insurance Portability and Accountability Act (HIPAA), regulatory compliance has become a major preoccupation for US businesses. Primarily, compliance involves understanding regulatory requirements and ensuring that all concerned employees are aware of these requirements and how to comply with them. Organizations must also be able to provide regulators with evidence that they are operating in compliance.