Noyés sous la réglementation : comment faire ?
Dragging compliance into the 21st century!
Dragging compliance into the 21st century!
From a governance and compliance lens, finance professionals face many challenges both old and new. The key challenges lie in the pace of regulatory change, technology innovation and increasing media scrutiny. Compliance initiatives are typically reactive to regulatory requirements with little, if any, integration between functions or between the Group and subsidiaries.
Let’s dive further into this critical, but often neglected, finance area!
Compliance: Material Cost
Financial reporting, non-financial reporting, regulation and oversight have expanded exponentially since the financial crisis – and, consequently, so has the cost of compliance. To illustrate: in 2018 IFAC (The International Federation of Accountants) and Business at the OECD (BIAC) released a survey, of over 250 regulatory compliance leaders from major global financial institutions, estimating that regulatory divergence costs the global economy over $780 billion USD annually.
Companies invested heavily in data integration, yet the fundamental issues surrounding statutory reporting and compliance continues to plague companies. The question is why?
Corporate r...
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Sommaire du dossier
- Compliance et vigilance : faire danser les silos Par Anthony Ratier
- Dragging compliance into the 21st century! Par David Wray , Liv Watson
- Certifier son dispositif de prévention de la corruption ? Par Céleste Cornu
- La conformité au RGPD est aussi un enjeu opérationnel Par Alice Boisson
- Le bon sens de la cartographie des risques de corruption Par François Nogaret
- Les contrôles comptables anti-corruption : marronnier ou châtaigne ? Par Caroline Allouët
- ETI : vous n’êtes pas impuissantes face à l’inflation réglementaire ! Par Frédéric Cordel
