Accreditation
It refers to an official recognition or certification by a recognized authority that verifies a company's competence, adherence to standards, and credibility.
Do all businesses require accreditation?
Not all businesses in the Philippines require accreditation as the need for it depends on the nature of the business and the industry it operates in.
Why is accreditation important?
Accreditation builds trust among customers and stakeholders and enhances the company's reputation, especially when there is prudent and diligent compliance to industry regulations.
How long does business accreditation last, and is it renewable?
The validity of accreditation varies depending on the accrediting body and industry. It is often renewable, but typically requires periodic reviews or audits to ensure that the business continues to meet the required standards.
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"If you think that compliance is expensive, try non-compliance!"
Paul McNulty (former US Deputy Attorney General)
