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Benefits Achieved from Regulatory Compliance

机译:监管合规带来的好处

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Process plants used to be designed and built with only the minimum measurements required for safe operations. As regulations and compliance reporting have evolved over the years, additional measurements are now required along with verification and certification that the correct instrument has been selected for the application, is within the accuracy requirements, installed correctly, and adequately calibrated and maintained.The American Petroleum Institute (API), American Gas Association (AGA), and American Society for Testing and Materials (ASTM) all have developed and promulgated standards which regulatory agencies must recognize. These include the IRS, Foreign Trade Zone, and Alcohol (tax) regulations. Weights and Measures and Sarbanes-Oxley also recognize these standards as best acceptable for conducting commercial transactions and fiscal accounting practices.Now a number of federal and state level Environmental Protection Acts have extended their Clean Air Acts to include Greenhouse Gas Mandatory Reporting Rules (GHG MRR), including Renewable Fuels minimum production thresholds. Complying with these thresholds could introduce a complex trading market of credits and allowances requiring verification and auditable reporting.
机译:过去仅以安全操作所需的最小测量值来设计和建造过程工厂。多年来,随着法规和合规报告的发展,现在需要进行额外的测量以及验证和认证,以确保已为该应用选择了正确的仪器,在精度要求之内,已正确安装,并已充分校准和维护。研究所(API),美国气体协会(AGA)和美国测试与材料学会(ASTM)均已制定并颁布了监管机构必须认可的标准。其中包括美国国税局(IRS),对外贸易区和酒精(税)法规。度量衡和Sarbanes-Oxley也认为这些标准是进行商业交易和财务会计实践的最佳接受标准。现在,许多联邦和州一级的《环境保护法》已将其《清洁空气法》扩展到包括《温室气体强制性报告规则》(GHG MRR) ),包括可再生燃料的最低生产阈值。遵守这些阈值可能会引入复杂的信用和配额交易市场,需要进行验证和可审计的报告。

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