There was a time when compliance was a corporate afterthought: a necessary. but not especially compelling obligation. No longer. In the aftermath of the high-profile scandals that have roiled the international business world in the past few years, corporate compliance is not a causal option—it’s a matter of sheer survival. However, compliance is not simply about abiding by externally-imposed regulations. It also takes in all the internal policies that support a company’s performance, and protect it from preventable risk. Let’s face it, not complying with internal policies (such as like product-quality or customer-service practices) can be ruinous to your company’s bottom line—and your reputation. Compliance, then, needs to be viewed as a natural extension of the governance duties shouldered by top management and corporate boards. And, only good governance can ensure that your compliance processes are aligned with your company’s business objectives and risk management strategies, thereby adding real value (and not just cost) to your organisation.
If this is your situation:
- You don't know whether you are regulated, or will be regulated
- You are not entirely sure whether you comply with your regulator's requirements
- You might be spending too much to comply with regulations
- There are too many regulations for you to cope with
- You need to plan for staff training in light of new compliance issues
- Proposed regulations might destroy your business or lead to a loss in competitive advantage
- You are concerned about the reputation risk from failing to comply with regulations
- You want to confirm that your sales force is complying with the sales and marketing code of conduct
How PwC can help you
At PricewaterhouseCoopers (PwC) our specialists (many of whom have served as regulators themselves) can provide your company with comprehensive regulatory support, including forensic accounting services and preparation for negotiations and investigations. And with offices in 144 countries around the world, you can be confident that we deeply understand the nuances of local regulation as well as the forces shaping international regulatory policy. We know that dealing with regulators can be a time-consuming, nervous-wracking affair, but we can minimise the risks of regulatory fines or enforcement actions by your regulator, minimise the risk of personal fines or enforcement against your executives, and maximise the competitive and strategic opportunities resulting from regulatory change. By reducing costs associated with regulatory compliance our PwC team of experienced regulatory risk specialists can help you minimising the costs and disruptions that regulatory compliance brings, and free up valuable management time in the process.
