Compliance: Why It Can Be a Challenge!
This IDC Perspective gives some background and understanding on why compliance is a big deal to the office of the CFO and why there is healthy tension with new technology. There are a few things companies and technology companies can do to get prepared for discussions. Compliance will require some homework and documentation, but it's not impossible."Compliance can affect not only the investors, owners, and board of directors but also those who are employed at the company; Therefore, it affects many people's lives and can change the trajectory of the company and its employees. This is why it's very important and can cause a lot of work and healthy tension to ensure the new technology can fit the needs." — Heather Herbst, research director, Office of the CFO
Please Note: Extended description available upon request.
- Executive Snapshot
- Situation Overview
- Regulation, Standards, and Laws: It's Complicated
- Taxes and Filings
- Internal Controls: Why It's Unique and Important with Compliance
- Here Is a Little History of COSO and Internal Control Definition
- Internal Auditors and Internal Controls
- Improving Internal Controls with Technology
- The Perception of Resistance to Change
- Resources and Obstacles
- Navigating the Compliance Discussion
- Advice for the Technology Buyer
- Learn More
- Related Research
- Synopsis
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