Based on the present state of regulation and enforcement, it’s arguably never been more important for U.S. companies to prioritize the compliance function. A new report from professional services firm Deloitte in conjunction with Compliance Week, an information service that covers corporate governance, risk and compliance, shows that resources for the compliance function lag behind what is needed to keep up with an ever-shifting regulatory landscape.
“In Focus: Compliance Trends Survey 2014” analyzes a survey of more than 200 senior-level executives working in the areas of ethics, compliance, audit, risk management or corporate governance who were asked to weigh in on how compliance is going at their companies. Although some metrics looked to be trending positively for the compliance professionals, two important measures—budget and head count—did not differ materially from the 2013 version of the survey. The report explains that given the rate of regulatory change, this lack of complementary movement does not bode well.
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