A business that volunteers information that it has violated a regulatory standard may be punished for that violation.

Question

Quizplus · Accepted Answer

This is because, in some cases, self-reporting a violation may not completely absolve a business of liability, and regulatory agencies may still choose to impose penalties or fines. However, in other cases, self-reporting and cooperation with regulatory agencies may result in reduced or mitigated penalties.

A Business That Volunteers Information That It Has Violated a Regulatory