Documents/UT/6: FREE ENTERPRISE AND REGULATORY SYSTEMS/FERS 3: Compliance

FERS 3: Compliance

Regulatory agencies will promote compliance through streamlined processes and strive to ensure fairness for taxpayers and regulated industries

Other Information:

Regulatory agencies will promote compliance through streamlined processes and strive to ensure fairness for taxpayers and regulated industries by providing: • An appropriate and reasonable process that provides clear forms and instructions • Consistency in compliance review of regulated businesses and individuals • Assistance to citizens in meeting registration requirements • Maintenance of records of required documents and payments Outcomes: • Agencies promote compliance through exams, audits, and investigations. • Forms and instructions are reviewed to ensure clarity of requirements. Looking Ahead: • Streamlined processes will help facilitate compliance through a new consolidated registration system between state, local, and federal agencies. • Continued development of on-line applications.

Indicator(s):