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There are two major types of compliances under which there are several sub-categories depending on the business. External Compliance. External Compliance are regulated by the government bodies. Internal Compliance.
What are the regulatory compliance requirements?
Regulatory compliance requires companies to analyze their unique requirements and any mandates specific to their industry and then develop processes to meet these requirements. Typical steps to achieve regulatory compliance include the following: Identify applicable regulations.
What is the difference between regulatory compliance and corporate compliance?
Regulatory compliance has to do with a business entity meeting or following certain laws and requirements enacted by federal, state and local governments. Corporate regulatory compliance has to do with those requirements imposed on corporations.
What is the difference between compliance and regulatory compliance?
Regulatory compliance focuses on aligning with external legal mandates such as laws and regulations in respective jurisdictions or industries. Corporate compliance is internal in nature with processes and procedures aimed at streamlining internal business requirements.
Employers will still be required to maintain a safe and healthful place of employment as required by Labor Code section 6400, and must establish, implement, and
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