Reportable

Reportable signifies something that must be formally presented or communicated to the appropriate authorities or individuals, often due to its significance, severity, or adherence to regulations. It highlights the importance of disclosure and the potential consequences of withholding information that falls under this category. It is used to describe situations, events, or data points which necessitates notification due to the event's nature and possible harm to a third party. This action ensures transparency, accountability, and proper management or action by the relevant stakeholders.

Reportable meaning with examples

• The company discovered a significant data breach. According to privacy laws, the incident is reportable to the data protection agency within 72 hours. Ignoring this obligation could result in substantial fines and reputational damage. The breach could impact the information of millions, and notification is crucial for remedial steps and consumer protection.
• A doctor diagnosed a patient with a highly contagious disease. The case is reportable to the health department to help control the spread of infection, enabling the public health services to take measures like contact tracing to prevent a possible outbreak. Prompt notification facilitates rapid response and saves lives.
• During an audit, the team found significant discrepancies in the financial records. These irregularities are reportable to the audit committee and the board of directors. Failure to disclose the information could be illegal and jeopardize the integrity of the company. Such a disclosure is critical for maintaining stakeholder trust.
• The aviation authority determined a near-miss incident at the airport. This event is reportable to the aviation safety board. Analyzing the circumstances helps in identifying hazards. The incident could reveal systemic safety issues, and reporting facilitates improved air travel safety regulations. This is a necessary step for incident investigation.