In companies, the compliance with specific standards or rules (in particular, concerning tax) entails the observance of specific orders issued by the legislator, the authorities of the sector, certification bodies and inner regulations of the same companies.
The task of the compliance function, both internal and external to the company, is verifying that the inner procedures are consistent with the objective of preventing the infringement of external regulatory provisions (laws and regulations) and self-regulation provisions (conduct and ethical codes), in order to avoid the risk of incurring in penalties, financial losses or damages to the reputation as a consequence of infringements of laws, regulations or self-regulation codes.
Every company should define the reference perimeter of its compliance function, identifying the external regulation provisions and the self-regulation ones, with reference to which it has the responsibility of ensuring the current or future compliance; in such framework, operational sectors and areas, strategies, business models, products and services offered, type of customers, priority of risk have to be considered.
Among the regulations that are usually included in the compliance we can find:
- Anti-money laundering provisions and contrast to terrorism’s financing
- Legislative Decree 231/01 on the “administrative responsibility of corporate bodies”
- Personal Data Protection Code
- Legislative Decree 141/10 and Consumption Code
- Information security
- Safety – Legislative Decree 81/2008 concerning the safety on the workplace
- Quality and UNI EN ISO certification
Studio Broggini offers to its customers specific skills in several items of the compliance analysis, even for the structures that don’t have supervisory and control boards, starting from the single – general or specific – check-ups, up to the formalization of behaviour and self-regulation models, of actual procedures and inner standards to be applied, to ensure to the entrepreneur the protection of its activity, assets, of its responsibilities and of the ones of the whole structure.