Question

In: Operations Management

There will be discussions on the Application For example: How will you discuss a scenario when...

There will be discussions on the Application
For example: How will you discuss a scenario when you are asked as a DBA by people in an accounting and auditing firm, to advise them on tax implications of doing business.
Provide professional help in ensuring that the accounting and financial activities of their clients comply with regulations in every location in the country where they operate.

Solutions

Expert Solution

In principle, compliance means compliance, such as specifying a principle, standard or law. Compliance describes the goals that organizations strive to achieve in their efforts to ensure that they are aware of and take steps to comply with relevant laws, policies and regulations. Due to the growing number of regulations and operational transparency requirements, organizations are adopting the use of a set of compliance and consolidation controls. This method is used to ensure that all necessary management requirements can be met without duplication of efforts and resource activities.

Regulations and accrediting organizations differ in different areas, such as PCI-DSS and GLBA in the financial industry, FISMA for the US federal agency, HACCP for the food industry, and the Joint Commission and HIPAA in healthcare. In some cases, other compliance frameworks or even standards provide information on how to comply with regulations.

Some organizations maintain compliance data, all data belonging to or relating to the enterprise, or included in the law, which can be used for the purpose of enforcing or validating separate store compliance to meet reporting requirements. . Compliance programs are increasingly being used to help companies manage their compliance data more effectively. The store may include calculations, data transfers, and audit audits.


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