regulatory oversight
Regulatory oversight refers to the process by which government agencies monitor and enforce laws and regulations within specific industries. This oversight ensures that businesses comply with established standards, promoting safety, fairness, and accountability. Agencies like the Food and Drug Administration (FDA) and the Environmental Protection Agency (EPA) play crucial roles in overseeing various sectors.
Through regulatory oversight, authorities can identify and address potential risks to public health and the environment. This process often involves inspections, audits, and the review of company practices. By maintaining oversight, regulators help protect consumers and ensure that companies operate within legal and ethical boundaries.