×

HOW TO SHOP WITH US

1 Login or create new account.
2 Review your order.
3 Payment & FREE shipment

If you still have problems, please let us know, by sending an email to contact@itassetmanagement.in . Thank you!

SUPPORT TIMING

Mon-Fri 9:00AM - 9:00PM
Sat 9:00PM-5:00PM

SIGN IN YOUR ACCOUNT TO HAVE ACCESS TO DIFFERENT FEATURES

CREATE AN ACCOUNT FORGOT YOUR PASSWORD?

FORGOT YOUR DETAILS?

AAH, WAIT, I REMEMBER NOW!

CREATE ACCOUNT

ALREADY HAVE AN ACCOUNT?
QUESTIONS? CALL: T (91) 97690 22209, (91) 75066 00517, (+91) 22-66930155
  • LOGIN
  • SUPPORT

IT Asset Management Software

IT Asset Management Software

Best Inventorymanagement software

T (91) 97690 22209, (91) 75066 00517, (+91) 22-66930155
Email: contact@itassetmanagement.in

Greenitco
520, IT Park, MasterMind 1, Goregaon East Mumbai

Open in Google Maps
  • HOME
    • Services
      • IT Asset Management
      • ITM Mobile App
      • Asset Auditing
    • Features
      • Pricing Table
      • Features
      • Asset Management FAQ’s
    • Pages – Contact Us
      • Pages – Contact Us
      • Pages – About Us
      • Pages – Testimonials
      • Pages – Careers
        • Pages – F.A.Q.
  • OUR SERVICES
    • ITM
      • ITM SOFTWARE
      • Features
      • Pricing
      • IT Asset Management Premium Plan
      • IT Asset Management Professional Plan
      • IT Asset Management Ultimate Plan
    • ASSET-AUDITING
    • SOFTWARE LICENSES
      • Microsoft
      • GO Daddy
      • Cyberlink
  • DEMO
  • DOWNLOAD
    • MS Word Version Finder
      • How to install MS word version finder
    • Download ZIP
  • SHOP
    • Shop
    • My Account
      • Cart
      • Checkout
    • Anydesk Lite
    • Anydesk Lite 6 year
    • Apple
    • Microsoft
    • Cyperlink
    • Hosting
    • Pages – Contact Us
  • KNOWLEDGE CENTER
    • News & Updates
    • ITM – User Guide
    • Release Notes
  • CONTACT US
  • MY CART
    No products in cart.
FREESoftware
  • Home
  • Pages – Blog Posts
  • News
  • Compliance Management
June 23, 2022

Compliance Management

Compliance Management

by admin / Wednesday, 12 December 2018 / Published in News, Technology Tips

Compliance Management is the process of ensuring the given legislation and standard of an organization. Compliance management is not a single form. Some of them are Internal and external standards, policies, third-party audits, security controls and technological enforcement. If an organization failed to comply with these laws and standards, then it would lead to loss and penalties. Many organizations are struggling to fulfil these regulatory requirements.

Risk Factor of Compliance Management

Compliance management is a part of the legal requirements. So, non-compliance can ruin the business growth and its reputation. It is punishable with imprisonment or with fine or both, even if you failed to prepare the income tax return form, financial statements. In addition to these, the following impacts will happen.

  • Legal impact
  • Reputation impact
  • Loss of profitable opportunities
  • Financial impact

The regulatory compliance varies with location as well as the industry. Additionally, there are numerous compliance and legal requirements need to be accomplished to lead a successful business. For instance, one company should comply with the following compliance in India.

  1. Preparation of Financial Statements, Balance Sheet, Profit & Loss Statement, Depreciation Schedule, Ledgers, Trial Balance
  2. Income Tax Return Form Filing
  3. Annual ROC Filing
  4. Audit Compliance
  5. Audit Report, Director’s Report, Internal Financial Controls Report

Internal Audit

Compliance and internal audit serve two different roles. However internal audit can monitor the compliance of an organization. Through this internal audit report, non-compliance can be identified and the same will ensures the effective functions of the compliance process. Most of the companies, especially one which is started newly do not know whether their compliance and internal audit processes are effective or not. As we discussed, an effective internal audit will be required. Because, through the effective internal audit, one can monitor the compliance.

“According to the Institute of Internal Auditors, role of internal audit is to provide independent assurance that an organizations risk management, governance, and internal control processes are operating effectively “

Corporate compliance involves a wide range of rules. Since it is a vast process, risks associated with these organizations also very high. By using effective compliance management and internal audit plans, you can reduce operational burden, meet regulatory requirements, and safeguard the organization.

Latest Technology Approach

Since compliance is more complex and challenging with the increased rules and regulations, it is difficult to eliminate all the organizational risk factors. But the high impact compliance requirements can be met without fail and other impacts will be reduced by using the latest automated system approaches. Some other benefits of the latest system approaches are,

  • Reduced business risk
  • Peace of mind
  • Minimal effort
  • Flexible
  • Intelligent analytics
  • Notification and alerts
  • Reporting of non-compliance

Also read, Top 6 ways to save money with ITM.

0
  • Tweet
Tagged under: Compliance Management, Internal Auditing, it asset management, ITAM, itm, Statutory Compliance

About admin

What you can read next

System Admin tools free and opensource
Importance of network inventory management software in business
Asset management practices
Best IT asset management practices for 2021

Categories

  • Comingtime
  • Guide and Tutorial
  • Hacking
  • Helpdesk software
  • IT Asset Management
  • Mobile
  • Networking
  • News
  • Quick Tips
  • Service ticket automation
  • Technology
  • Technology Tips

Recent Posts

  • Helpdesk system

    Benefits of helpdesk system for businesses

    The helpdesk system directly impacts productivi...
  • Service Ticket Automation

    Service ticket automation for business development

    It has become essential for businesses to keep ...
  • asset management system

    Advantages of best asset management system

    The asset management system enables to record &...
  • ticketing system

    Best helpdesk ticketing system features for business development

    Delivering consistent customer service for the ...
  • Hardware & asset management solutions

    Helpdesk software solution with asset management

    Helpdesk software solution with asset managemen...
  • asset management software

    Best IT Asset management software solution 2022

    Best asset management software helps to manage ...

Archives

  • June 2022
  • April 2022
  • March 2022
  • January 2022
  • December 2021
  • November 2021
  • September 2021
  • December 2019
  • October 2019
  • September 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • August 2018
  • May 2018
  • January 2017
  • June 2016
  • May 2016
  • April 2016
  • January 2016
  • December 2015
  • October 2015
  • August 2015

Featured Posts

  • Helpdesk system

    Benefits of helpdesk system for businesses

    0 comments
  • Service Ticket Automation

    Service ticket automation for business development

    0 comments
  • asset management system

    Advantages of best asset management system

    0 comments

GET IN TOUCH

T (+91) 22-66930155, (+91) 9769022209, (+91) 7506600517,
Email: contact @ .itassetmanagement.in

Greenitco Technologies Pvt Ltd
520, Mastermind 1, Goregaon East, Mumbai, India

Open in Google Maps

Faridabad

Greenitco Technologies Pvt. Ltd.
2574, Sector 49, Faridabad, Haryana 121001

  • GET SOCIAL
IT Asset Management Software

© 2016 All rights reserved. Contact us Nextmegabyte
TERMS FOR USE PRIVACY POLICY EULA

TOP
Translate »

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close