compliance costs
Compliance costs refer to the expenses incurred by individuals or organizations to adhere to rules, regulations, or standards set by governing bodies or industry authorities. These costs include activities such as documentation, reporting, training, technological upgrades, and legal assistance, necessary to ensure compliance with legal and regulatory requirements.
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Similar Concepts
- compliance
- compliance assessment
- compliance auditing
- compliance audits
- compliance documentation
- compliance issues
- compliance management
- compliance market
- compliance markets
- compliance monitoring
- compliance programs
- compliance risk management
- compliance testing
- compliance training
- regulatory compliance costs