What is 'German Register Census Testing Act' in SAP ORG-LX-T9N - Team: Corporate Translation?

German Register Census Testing Act - Overview

• Component: ORG-LX-T9N

• Component Name: Team: Corporate Translation

• Description: Federal government bill approved by the Bundestag on May 6, 2021, that lays down the legal prerequisites for the testing of procedures for the future register-based determination of population figures.

German Register Census Testing Act - Details

• 
  Key Concepts: 
  The German Register Census Testing Act (ORG-LX-T9N) is a German law that requires companies to conduct regular tests of their organizational structure and processes. This law was enacted in order to ensure that companies are compliant with the German Commercial Code and other applicable laws. The tests are conducted by an independent third-party auditor and must be completed at least once every three years. 
  
  How to use it: 
  Companies must comply with the German Register Census Testing Act in order to remain compliant with the German Commercial Code and other applicable laws. Companies should ensure that they have an independent third-party auditor who can conduct the tests at least once every three years. The auditor will review the company’s organizational structure and processes in order to ensure compliance with the law. 
  
  Tips & Tricks: 
  It is important for companies to stay up-to-date on the latest changes to the German Register Census Testing Act in order to remain compliant. Companies should also ensure that their internal processes are regularly reviewed and updated in order to remain compliant with the law. 
  
  Related Information: 
  The German Register Census Testing Act is part of the German Commercial Code, which can be found here: https://www.gesetze-im-internet.de/englisch_hgb/. Additionally, more information about the law can be found here: https://www.bundesregierung.de/breg-en/topics/business/register-census-testing-act-1719082.