Tuesday, March 12, 2013

Day 29: Common Sense

Compliance requirements are written in order to standardize action but what will be a more general guiding principle is substance over form, as accountants are familiar with.  Regardless of what form or medium was used for as long as an action was actually done - kudos to the in-charge.  A guide question would be - if that form was not forwarded to so and so, will that disrupt company's operation?  Of course, it is different with the law compliance - no one has a choice on this.

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