Which of the following BEST describes the scope of compliance?<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />
A. Compliance in the context of the capital market refers to compliance to the internal policies and procedures of a firm
B. Compliance by a firm is limited to ensuring compliance to the rules and regulations stipulated by the regulators
C. Compliance goes beyond ensuring compliance to the rules and regulations but also encompass compliance to the firm's own standards, process and procedures
D. Compliance refers to compliance to decisions by the board of directors or shareholders of the firm
Answer:C
Which of the following BEST describes the scope of compliance?<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />
A. Compliance in the context of the capital market refers to compliance to the internal policies and procedures of a firm B. Compliance by a firm is limited to ensuring compliance to the rules and regulations stipulated by the regulators C. Compliance goes beyond ensuring compliance to the rules and regulations but also encompass compliance to the firm's own standards, process and procedures D. Compliance refers to compliance to decisions by the board of directors or shareholders of the firm