What does comply mean in business?

“ compliance refers to the way you manage and execute the activities necessary to meet the requirements of applicable laws and regulations. These requirements are usually set by a governing body or legal authority, such as a government agency. When you say something is compliant with a law or regulation, it means the activity you are doing is in compliance with the requirements outlined in that particular law or regulation. For example, if a law requires a certain type of fire suppression system, then your commercial sprinkler

What does comply mean in business ethics?

It means that an organization’s practices, processes, and systems follow all applicable laws. Furthermore, it means that the organization follows all applicable codes of conduct or, if there is not a code of conduct, internal policies and procedures. compliance is not only about legal compliance but also about ethical compliance or following the right things that one is expected to do as a good citizen.

What does comply mean in finance?

If you’re running a business and need to file tax returns, you need to follow the requirements established by the IRS. The IRS compliance programs are designed to help businesses meet the requirements governing tax filing and payment.

What does comply mean in psychology?

One of the most common definitions for the term “compliance” is the ability to follow rules. This idea is often shown in psychology studies where babies are shown a toy and then told not to touch it. As the babies grow up, they are sometimes given the task of watching another person or animal do the same thing. If the child is able to resist the temptation to touch the toy even when they see the other person touch it, they are demonstrating compliance. This type of learning, called

What does comply mean in accounting?

Accounting is the process of keeping a record of all the transactions that take place in a business. Accountants use different systems to organize and record the data. Examples of accounting software include QuickBooks, MYOB, and Xero. These software applications help accountants do their job more efficiently.