Compliance, or regulatory compliance, refers to ensuring that business activities adhere to legal requirements. The goal of compliance services is to help companies stay aligned with constantly evolving legal and regulatory demands.
Quality Assurance Standards and Regulations
This includes the implementation of standards such as ISO 27001, NIS2, MK Decree, and industry-specific regulations like TISAX (automotive ISO).
Additionally, compliance services cover adherence to regulations issued by the National Bank and other authorities, including the HPT, PPT, and EPT decrees. A key aspect of these services is enforcing IT security standards, such as the NIST 853 and NIST 882 frameworks.
The Role of Compliance
Key compliance tasks include conducting pre-audits to assess a company’s vulnerabilities and provide recommendations for strengthening them prior to formal audits. Compliance experts also assist in preparing for ISO certification and other accreditations.
Compliance activities extend to GRC (Governance, Risk, and Compliance) management, which covers the development of corporate risk strategies, the creation of internal policies, and addressing challenges arising from regulatory changes. This includes conducting reviews triggered by legislative updates, such as those related to IBTV or NIS2.
Compliance services are essential for any company looking to minimise legal risks and maintain ongoing regulatory conformity. Beyond avoiding fines and sanctions, compliance also enhances corporate reputation and customer trust.