Compliance
From ACT Wiki
- Procedures and processes in corporations or public agencies to ensure that personnel are aware of relevant laws and regulations and take appropriate steps to comply with them.
- More broadly, to act to fulfil a wish, command, code or rule.
- Part of the ACT's Ethical Code.
- Tax compliance means making tax payments and producing and submitting tax information to the tax authorities on time and in the required formats.
- Covenant compliance means acting within the limits defined by financial covenants and other covenants in borrowings documentation.