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Explain Compliance?
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compliance means adhering to a rule, such as a policy, standard, specification, or law. Regulatory compliance defines the goals companies want to achieve to ensure that they understand and take the necessary steps to comply with policies, relevant laws, and regulations.
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The term compliance describes the ability to act according to an order, set of rules or request. ... Level 2 - compliance with internal systems of control that are imposed to achieve compliance with the externally imposed rules.
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