What are The procedures designed to make sure a company's financials are accurately reported and that the company is complying with laws and regulations?

The procedures designed to ensure accurate financial reporting and regulatory compliance are known as internal controls. These include processes such as regular audits, financial reporting reviews, segregation of duties, and adherence to accounting standards. Additionally, companies often implement compliance programs to stay aligned with relevant laws and regulations, including regular training for employees. Together, these measures help mitigate the risk of errors and fraud while promoting transparency and accountability.