What does “to comply” mean?

Compliance refers to assuring that organisational doctrines, contractual agreements that the organisational process is subject to, as well as laws, rules, industry codes, and other externally imposed standards, are followed.

In other words, compliance entails adhering to the guidelines established by someone other than ourselves.

Given the intricacy of the standards, we must establish measurable organisational compliance programmes to make sure we abide by them all.

The goal of compliance programmes is to stop or spot violations of laws, rules, codes, or organisational requirements before they happen within the organisation. Programmes for enforcing compliance ought to encourage a culture of compliance inside the company.
Compliance controls are used to implement the organisational compliance programme.

Management and other staff members engage in compliance control, a procedure intended to give reasonable assurance that transactions are carried out in compliance with the following laws and regulations:

• those governing the use of budget authority; additional laws and regulations that may have a direct and material impact on the financial statements;
• the requirement for supplementary stewardship information; and any other laws, regulations…