Compliance cost (original) (raw)
Compliance costs are all expenses that a company uses up to adhere to government regulations. Compliance costs incorporate salaries of employees in compliance, time and funds spend on announcing, new system necessitated to meet retention, and so on. Compliance costs happen to be as results of local, national or even international regulation (for instance MiFID II or GDPR applying to countries in European Union). Global firms operating all over the world with varying new regulations in each country tend to face significantly larger compliance costs than those functionating solely in one region. Example – people registered for value added tax (shortly VAT) have to keep records of all tax (input and output) to simplify the completion of returns. They need to employ someone skilled in this dom
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| dbo:abstract | Compliance costs are all expenses that a company uses up to adhere to government regulations. Compliance costs incorporate salaries of employees in compliance, time and funds spend on announcing, new system necessitated to meet retention, and so on. Compliance costs happen to be as results of local, national or even international regulation (for instance MiFID II or GDPR applying to countries in European Union). Global firms operating all over the world with varying new regulations in each country tend to face significantly larger compliance costs than those functionating solely in one region. Example – people registered for value added tax (shortly VAT) have to keep records of all tax (input and output) to simplify the completion of returns. They need to employ someone skilled in this domain, which is regarded as compliance cost. Compliance cost mostly includes following: * The cost to assemble and issue reports * Cost of creating and maintenance of the system needed to collect facts and details for compliance reporting * Cost of person to monitor compliance systems and to construct them Compliance costs are often combined and misunderstood with regulatory risk or conduct costs. Compliance costs are simply onward for following rules as they arise. It may include variance compliance – human resources policies, independent audits, quarterly reports, environmental assessments etc. (en) Der Erfüllungsaufwand umfasst die gesamten Kosten sowie den gesamten messbaren Zeitaufwand, die durch die Befolgung einer rechtlichen Vorschrift des Bundes entstehen. Betroffene Gruppen sind Bürger, Wirtschaft und öffentliche Verwaltung. Teil des Erfüllungsaufwandes sind die Bürokratiekosten, die durch Informationspflicht entstehen. Bei der Ermittlung des Erfüllungsauftrags werden sowohl die Aufbaukosten (z. B. neue Gesetze und Verordnungen) als auch die Abbaukosten (Abschaffung von Gesetzen und Verordnungen) berechnet. Der Erfüllungsaufwand stellt somit sowohl das umfassendste Maß für Bürokratie als auch die Grundlage der Messungen der Bürokratie dar. Er beinhaltet die Kosten und den Zeitaufwand, die den betroffenen Gruppen entstehen. Mittels Ex-ante-Prüfung wird er ermittelt. Der Leitfaden zur Ermittlung und Darstellung des Erfüllungsaufwands in Regelungsvorhaben der Bundesregierung beschreibt wie der gesamte messbaren Aufwand, den die Erfüllung einer Regelung bei den Betroffenen nach sich zieht, für Regelungsvorhaben der Bundesregierung zu ermitteln ist. (de) |
| dbo:wikiPageExternalLink | https://ssrn.com/abstract=2024880 |
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| dbo:wikiPageWikiLink | dbr:Income_tax dbr:Air_pollution dbr:Sulfur_dioxide dbc:Regulatory_compliance dbr:Sales_tax dbr:Taxation_in_the_United_States |
| dct:subject | dbc:Regulatory_compliance |
| gold:hypernym | dbr:Expenditure |
| rdf:type | dbo:Organisation |
| rdfs:comment | Compliance costs are all expenses that a company uses up to adhere to government regulations. Compliance costs incorporate salaries of employees in compliance, time and funds spend on announcing, new system necessitated to meet retention, and so on. Compliance costs happen to be as results of local, national or even international regulation (for instance MiFID II or GDPR applying to countries in European Union). Global firms operating all over the world with varying new regulations in each country tend to face significantly larger compliance costs than those functionating solely in one region. Example – people registered for value added tax (shortly VAT) have to keep records of all tax (input and output) to simplify the completion of returns. They need to employ someone skilled in this dom (en) Der Erfüllungsaufwand umfasst die gesamten Kosten sowie den gesamten messbaren Zeitaufwand, die durch die Befolgung einer rechtlichen Vorschrift des Bundes entstehen. Betroffene Gruppen sind Bürger, Wirtschaft und öffentliche Verwaltung. Teil des Erfüllungsaufwandes sind die Bürokratiekosten, die durch Informationspflicht entstehen. (de) |
| rdfs:label | Erfüllungsaufwand (de) Compliance cost (en) |
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| foaf:isPrimaryTopicOf | wikipedia-en:Compliance_cost |
| is dbo:wikiPageRedirects of | dbr:Compliance_burden |
| is dbo:wikiPageWikiLink of | dbr:Compliance_burden dbr:FairTax dbr:Tax_consolidation dbr:Tax dbr:Standard_Business_Reporting dbr:Voluntary_disclosure_agreement dbr:SOX_404_top–down_risk_assessment |
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