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Regulatory Compliance

The United States Government posts all new and revised federal regulations constantly in the Federal Register. Since 1993, approximately 1.43 million Federal Register pages have been published. That’s an average of 71,470 pages per year (for example, 324 pages were added on January 2, 2014). This does not include the number of state regulations that are added every year.

 

Your business’ future can be at risk if you fail to comply with these regulations since the cost of violating one, whether you knew it existed or not, can be surprisingly high fines. For example, one HIPAA violation due to reasonable cause and not due to willful neglect comes with a minimum fine of $1,000 and a maximum of $50,000 per occurrence, with an annual maximum of $1.5 million. That is the cost your business would face for the leak personal information regarding the health of one of your employees.

Wallace Associates Group

 

Regulatory Compliance is the process of your organization's awareness of and adherence to laws, regulations, guidelines and specifications relevant to its business. We can help you understand the rules and regulations that pertain to your particular business.

You can check out the latest new regulations by

clicking the link below:

©2017 by Wallace Associates Group - Hau'ula, Hawai'i

California: (213) 973-8155

Hawaii: (808) 270-5058

Email: info@wallaceassociatesgroup.com

 

Wallace Associates Group Logo - Tax Lawyers and Accountants

Wallace Associates Group

 

©2016 by Wallace Associates Group - Hau'ula, Hawai'i