Compliance and Regulatory Requirements
Understanding Compliance
Compliance means following applicable laws, regulations, industry standards, contractual obligations, and organizational policies. Organizations must ensure that their information systems operate within legal and ethical boundaries.
- Protect customer information.
- Maintain financial reporting accuracy.
- Follow industry regulations.
- Protect employee data.
- Maintain audit evidence.
- Implement security controls.
Note
Compliance is an ongoing responsibility, not a one-time project.
Summary
Compliance reduces legal, financial, and reputational risks while increasing stakeholder trust.