Compliance terms

A defined limit (often monetary or risk-based) that triggers the requirement for higher-level authorization before signing a contract.

An official inspection of systems, processes, or documents to ensure compliance with standards and regulations.

The act of ensuring that organizational operations and contracts adhere to relevant laws, regulations, and internal policies.

Safeguards and mechanisms put in place to mitigate risk and ensure compliance.

A documented set of rules or guidelines governing organizational behavior and decision-making.

The established, step-by-step instructions for executing a policy or process.