Modernizing Compliance: 6 Questions Every Finance Executive Should Be Asking

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Sep 12, 2017

On September 12, 2017, Financial Executives International (FEI) released an article by Tom Nicolosi, Deloitte Risk and Financial Advisory principal, and Carey Oven, Deloitte Risk and Financial Advisory partner, where they discuss the many reasons why compliance modernization seems to evade some organizations.

There are some important questions all CFOs and finance executives could benefit from asking their compliance teams when considering a transformation process. These include:

  1. How are we using technology to support and enable compliance testing?
  2. Are we investing in people who know how to use that technology?
  3. What kind of alternative delivery model strategy have we considered?
  4. Have we taken a hard look at how compliance is organized throughout the business to identify redundancies in the system?
  5. How are we going to see a return on investment?
  6. Is our compliance function focused on making the transformation to value creation?

Review the article on FEI's website.

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