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Accountancy Key Concepts

Key Concepts

Key Concepts provide you with definitions of buzzwords appearing in the media to ensure that you are up to speed with the current finance conversation. Produced in snapshot, glossary form, Key Concepts direct you to additional material to increase your knowledge and satisfy your interest.

  • Compliance
    Compliance refers to the process of abiding by or conforming with a set of laws, rules, and regulations. In the European Union, for example, each member state will ensure compliance with a European Directive by passing laws that will implement its contents within each member state.Large companies usually employ one or more compliance officers who ensure that the company operates in accordance with the laws and the rules that govern its trade....

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