The Accenture 2016 Compliance Risk Study results point to several trends—as well as a need for the function to offer more tangible, sustainable outcomes.
According to the study:
Demands on compliance have been rising. As business functions have become more complex, so, too, has the need for compliance support.
The compliance function’s growth in stature is slowing. Two years ago, more compliance officers were winning seats at the executive table. That trend appears to have stalled.
When improving operations, compliance organizations should focus on delivering meaningful results—in response to more complex expectations—with fewer resources.
In response to these trends, we believe compliance leaders will need to keep making the difficult choices that support delivering excellent risk management services, and keep asserting a leadership role within the business.