Any economic activity performed anywhere in the world requires adherence to certain statutory norms at the local and national as well as global level, failing which could not just result in interruption or closure in business but could also attract penal liabilities. Systematic, accurate, and regular compliance audits help in managing routine compliance risk and ensuring conformity with any change in laws and regulations. Further, business operations undertaken in collaboration with the government bring forth a horde of distinctive challenges that require political understanding and an effective approach to tough it out.