One item of note that I should mention before closing is the difference between corrective action
and preventive action.
The apex bank had introduced prompt corrective action
in order to prevent troubled banks from lending or expanding operations.
The decision was taken after the RBI's Central Board meeting here on Monday, which discussed the Basel regulatory capital framework, a restructuring scheme for stressed Micro, Small and Medium Enterprises (MSMEs), bank health under the Prompt Corrective Action
(PCA) framework and the Economic Capital Framework (ECF).
At DFAS, once the workgroup has been identified and assigned responsibility for its respective CAPs, each office/division determines timelines for implementing each corrective action
, and meets with the audit liaison team to determine audit impacts.
The regulation enables MSHA to consider mitigating circumstances before issuing a POV notice and encourages mine operators to implement a corrective action
program if they are approaching a POV.
If pest activity is observed in any area in the facility, no matter how small it may seem, a corrective action
must be taken.
A corrective action
process is designed to respond to critical, systemic issues with the intent to investigate and resolve them in the best way possible.
programs encompass the identification, reporting, evaluation, resolution, and trending of an organization's issues and work requests.
Taxpayers may take advantage of automatic relief by taking what the IRS calls "corrective action
." Corrective action
includes filing the election according to the particular election's procedures.
Where requirements are found not implemented or only partially implemented, the district must propose corrective action
to bring those areas into compliance.
"Sinisiyasat ito at magsasagawa ng mga corrective action
dahil hindi dapat magkaroon ng mga insidenteng katulad nito na nagbibigay ng panganib sa kaligtasan ng mga mamamayan [The incident is already being investigated and corrective actions
are being undertaken to ensure that it will not happen again because it poses a threat to the safety of our people]."