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What out-of-pocket cost of noncompliance for rbi corporation

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Question 1:  A recent regulatory audit of RBI Financial Corporation revealed that the company is in compliance with six new regulations and noncompliance with three new rules. The RBI legal counsel gathered the following ?nancial data with the cooperation of functional management.

All data is in thousands {k}.

Cost of planning                 $5M.

Cost of hiring employees      $10K

Fines and penalties            $100K

Cost of training                    $6K

Cost of implementation        $20K

Court costs                       $1I

Cost of reporting                $2K

Cost of legal fees               $15K

Reputation costs                $5th

Question 1: What is the out-of-pocket cost of noncompliance for the RBI Corporation?

A. $166K B. $116K C. $121K D. $129K

Reference no: EM132463836

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