Fiscal Compliance

Fiscal compliance refers to an organization's adherence to laws, regulations, and policies related to financial management and reporting. It involves accurately maintaining financial records, paying taxes on time, submitting required reports to authorities, and following accounting standards. Ensuring fiscal compliance helps prevent legal penalties, promotes transparency, and builds trust with stakeholders. Essentially, it's about managing finances responsibly and ethically according to established rules, ensuring the organization operates legally and maintains financial integrity.