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Concordance Definition

A mapping or crosswalk table that bridges two different classification structures, such as aligning legacy 1987 SIC codes to modern 2022 NAICS categories.

Registry Classification Specifications

Metadata Field	Registry Specification Details
Compliance Term	Concordance
Reference Slug	concordance
Status	Verified Active standard
Registry Namespace	entitycodes.org/glossary/

💡 Expert Guidance

Expert Tip: When using standard classifications like Concordance for compliance declarations, always cross-reference the official manual of the issuing agency (such as the Census Bureau, OSHA, or DLA) to verify that you are using the most current code version and that your operational description aligns with the definition.

Frequently Asked Questions

What is the official definition of Concordance in compliance registry records? ▾

The term 'Concordance' is defined in compliance registers as: A mapping or crosswalk table that bridges two different classification structures, such as aligning legacy 1987 SIC codes to modern 2022 NAICS categories. This concept forms a primary component of corporate entity resolution and industry classification frameworks.

Which governing authority is responsible for publishing and maintaining the Concordance standard? ▾

The standard for Concordance is published, validated, and maintained under the direct oversight of an official regulatory body. They verify updates and publish the official registers for compliance audits.

What is the standard format and character length used for Concordance entries? ▾

The standard format for Concordance is structured as standard alphanumeric formatting. This specific layout guarantees formatting uniformity and prevents collisions in corporate databases.

How is Concordance utilized during regulatory compliance and entity registration? ▾

Organizations utilize Concordance during compliance verification and entity registration. Having a verified identifier is essential to transact with government bodies and complete bank KYC reviews.

Are there mathematical checks or checksum algorithms associated with Concordance codes? ▾

Many corporate identifiers associated with Concordance utilize mathematical checks (such as the ISO 7064 Mod 97-10 check digit routine or the omission of confusing characters) to detect transcription errors during manual entries.

Does an organization's Concordance identifier expire or require periodic renewal? ▾

Depending on the specific registry, identifiers associated with Concordance require annual renewal (e.g. keeping SAM.gov active every 12 months, or renewing LEIs with an LOU) to ensure the registry data remains accurate.

Can a business have more than one Concordance code assigned to it? ▾

For entity registrations or classification standards like Concordance, a business typically has a single primary identifier or code. For secondary classifications, a business can list multiple additional Concordance codes depending on the registry rules.

Is obtaining a Concordance identifier free or are there registration fees? ▾

Whether obtaining a Concordance identifier or standard is free depends on the registry. Federal identifiers (such as SAM.gov UEIs and CAGE codes) are completely free to obtain. However, international standards like the LEI require paying registration and annual renewal fees to the issuing LOU.

How can an auditor or compliance officer verify the status of a Concordance entry? ▾

A compliance officer can verify the status of a Concordance entry by querying the official registry database (such as the GLEIF index, SAM.gov public search, or the DLA portal) or by using the instant lookup tools on our site.

Is the Concordance classification standard uniform across all states in the U.S.? ▾

Yes, standard guidelines governed by federal or international agencies for Concordance are uniform nationwide, ensuring consistent compliance verification across all jurisdictions.

Related Guides & Tools

SIC Codes Explained: History, Structure, and Concordances — The complete history and structural layout of the 1987 Standard Industrial Classification (SIC) system, including its legacy role.
How to Perform a SIC to NAICS Crosswalk Conversion — A technical walkthrough demonstrating how to map legacy SIC codes to modern 2022 NAICS categories using historical concordances.
SIC ↔ NAICS Concordance Crosswalk — Search and map old SIC codes to modern formats.