Compliance I Consequences of Non-Compliance I Filecrat

What is compliance? Who is responsible to ensure compliance of the company?
Compliance means obeying the rules and regulations applicable to the business organization. The Board of directors and management of the company ensure the company’s compliance.

Benefits of timely compliance:
a. Ensures cost savings by avoiding penalties/fines and
minimizing litigation.
b. Creates a better brand image of the company in the market.
c. Enhances credibility/creditworthiness.
d. Creates goodwill among the shareholders, investors, and
stakeholders.
e. Gives recognition as a Good corporate citizen

#Compliance #NonCompliance #Accounting #Payroll #ROCCompliance #llp #filecrat


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