Frequently Asked Questions

Compliance to Standards and Regulations - Why is it critical in business?

The core purpose of compliance is to identify and avoid potential red flags in your business. Corporate compliance helps employees act responsibly and ensures adherence to laws, regulations, and standards, mitigating legal risks and fostering trust with stakeholders. Non-compliance can lead to fines, reputational damage, and even legal consequences, impacting operations and profitability.

Does MetaSCROLL application certify you for a particular standard?

MetaSCROLL helps you implement and maintain compliance as defined by the standard, but does NOT certify for a particular standard. Certification has and should be done only by an independent 3rd party agency or partner.

How can you effectively implement compliance in business?

An organization, big or small, needs to create policies, procedures, and processes to address compliance requirements. The management must ensure that all employees are aware of these and are on the same page. 

Effective compliance procedures can include:

• Staying on track with changing laws and regulations

• Ensuring employees follow procedures

• Scheduling regular internal audits

• Providing staff training and education

• Taking corrective action

• Establishing two-way communication at all levels

• Enforcing consistent discipline

Why is business compliance essential for smaller organizations?

Smaller organizations often overlook compliance due to a lack of business knowledge, time, and focus on core operations. However, it’s crucial for them to set up efficient compliance programs to function smoothly in the market. It is essential for companies, especially smaller ones, to be compliant with government rules, laws, and regulations.

What is the significance of compliance and its advantages?

Compliance promotes ethical conduct, protects against legal liabilities, and enhances organizational reputation. It fosters a culture of integrity, transparency, and accountability, attracting investors, customers, and employees, while reducing operational risks and enhancing competitiveness.

What is the value of compliance?

Compliance instills trust and confidence in stakeholders, safeguarding the organization’s reputation and sustainability. It demonstrates commitment to ethical practices, legal obligations, and societal responsibilities, fostering long-term relationships and sustaining business growth amidst regulatory complexities and market uncertainties.

Why is it important to ensure compliance?

Ensuring compliance is crucial for upholding legal obligations, maintaining stakeholder trust, and sustaining business operations. It mitigates risks, prevents penalties, and preserves reputation, fostering a culture of responsibility and integrity essential for long-term success and growth in a dynamic regulatory landscape.

What is the most important task of compliance?

The most critical task of compliance is to ensure alignment with applicable laws, regulations, and industry standards. This involves comprehensive risk assessments, policy development, training, monitoring, and continuous improvement to uphold ethical standards, mitigate risks, and safeguard organizational interests effectively.

What are the benefits of Compliance?

1. Avoid legal liabilities: Ensures your business avoids legal disputes and criminal charges due to non-compliance with the law, protecting your reputation and financial stability.

2. Boost business growth: Creates strong business standards, promoting a positive working environment and healthy work culture, which naturally drives business growth.

3. Enhances public relations: Meeting legal obligations can be showcased in marketing materials, demonstrating commitment to ethical practices and enhancing reputation.

4. Improves operations and safety: Legal guidelines help create a safer working environment, increasing worker productivity and operational safety.

5. Better employee retention: Ensures a fair, professional, and safe environment, fostering employee loyalty and retention.

Few examples of Compliance in business: 

• Ensuring timely regulatory reporting

• Conforming to state or country regulations and requirements

• Complying with Information Security and Environmental laws

• Adhering to and protecting Customers' Personal Data

• Determining and mitigating risks

Management’s Role in Compliance

CEOs and management must set a good example (“tone from the top”) and credibly exemplify and communicate these values internally and externally. They should proactively raise the issue of compliance, promote communication, and avoid a culture of fear where employees stay silent regarding mistakes and grievances.

Which Standards and Compliance's are currently supported by MetaSCROLL application?

The following standards are currently supported.

ISO 27001 : Information Security Management System (ISMS)

DPDP : Indian Digital Personal Data Protection Act (DPDP Act 2023)

ISO 42001 : AIMS (Artificial Intelligence Management System)

DPF 2023 : EU US - Data Privacy Framework 2023 (DPF 2023)

EU AI Act : European Union's Artificial Intelligence Act ( EU AI Act 2024)

ISO 9001 : Quality Management System (QMS)

ISO 14001 : Environmental Management System (EMS)

ISO 45001 : Occupational Health and Safety (OHS)

ISO 22301 : Business Continuity Management (BCM)

ISO 26000 : Social Responsibility (Corporate Social Responsibility - CSR)

ISO 14064 : Greenhouse Gas Emissions (GHG)

PCI-DSS : Payment Card Industry Data Security Standard (PCI DSS)

GDPR : General Data Protection Regulation (GDPR)

IT ACT 2000 : Information Technology Act, 2000 (IT Act 2000)

CCPA : California Consumer Privacy Act (CCPA)

ITIL : Information Technology Infrastructure Library (ITIL)

ISO 11889 : Trusted Platform Module (TPM)

GMP : Good Manufacturing Practices (GMP)

FTC : Federal Trade Commission (FTC)

MPAA : Motion Picture Association of America (MPA)

+ Note : The standards supported might not be of the latest version of the Standard / Regulation that has been officially published.

please contact us , if you cannot find the compliance Standard or Regulation that your business needs.

What is the difference between ISO and BIS standards?

While both ISO and BIS deal with standards and quality, they have significant differences in their scope, focus, and application.

Here's a breakdown:

ISO (International Organization for Standardization)

Scope: International. ISO is a non-governmental organization that develops and publishes voluntary international standards across a vast range of industries and sectors worldwide. It has member bodies from over 160 countries.

Focus: Primarily on management systems and broad industry practices. ISO standards provide a framework for organizations to implement best practices in areas like:

Quality Management (ISO 9001): Ensuring consistency in products and services and meeting customer requirements.

Environmental Management (ISO 14001): Minimizing environmental impact.

Information Security Management (ISO 27001): Protecting sensitive information.

Occupational Health & Safety (ISO 45001): Ensuring a safe workplace.

Certification: Voluntary in most cases. Organizations can choose to get ISO certified by independent, third-party certification bodies. This certification demonstrates adherence to globally recognized benchmarks for quality, safety, and efficiency.

Purpose: To facilitate international trade, promote consistency, reduce costs, and improve productivity globally.

BIS (Bureau of Indian Standards)

Scope: National (India). BIS is the national standards body of India, operating under the Ministry of Consumer Affairs, Food and Public Distribution.

Focus: Primarily on product certification for the Indian market, as well as developing Indian National Standards (IS). BIS ensures that products sold in India meet specific quality, safety, and reliability criteria.

Certification: Can be mandatory for certain products. The Indian government may enforce BIS certification for specific product categories (e.g., electronics, cement, steel, toys) through Quality Control Orders (QCOs) to ensure public safety and consumer protection. The ISI mark is the most widely recognized certification mark issued by BIS for industrial products.

Purpose: To promote standardized and quality production within India, protect consumers, and facilitate fair trade practices within the country.

What is the BIS number for ISO 27001 ?

The Bureau of Indian Standards (BIS) directly adopts many ISO standards as Indian Standards, often with the prefix "IS". This is a common practice for national standards bodies to harmonize their national standards with internationally recognized ones.

For ISO 27001, the corresponding BIS standard is: IS/ISO/IEC 27001

You'll find that BIS lists it as IS/ISO/IEC 27001 : [Year of Adoption/Revision]. For example, you might see:

IS/ISO/IEC 27001 : 2013 (corresponding to the 2013 version of ISO/IEC 27001)

IS/ISO/IEC 27001 : 2022 (corresponding to the latest 2022 version of ISO/IEC 27001)

This means that the content of the BIS standard is identical to the international ISO/IEC 27001 standard. When an organization in India seeks certification for an Information Security Management System (ISMS), they would typically refer to and comply with the IS/ISO/IEC 27001 standard.