Compliance Requirements for Dealing with Risks and Governance
Ana-Maria Ghiran, Vasile Paul Breşfelean · Procedia Economics and Finance · 2012
Typical approach in managing compliance is dealing with each regulation on an individual basis, which ends up in a disjointed result. This paper analyses the best method for businesses to adopt in fulfilling a broad range of compliance regulations and summering up the key aspects that must be followed. It emphasizes that the easiest way to accept compliance guidelines is thinking of them as directives that have been put in place in order to help organizations to manage the risks. With the increasing reliance on IT and mobile technology, it is of main importance to consider the IT compliance. The findings of the current study show that IT conformity will help to better manage other domain compliance as well and also to reduce the costs of doing so.