Ensure regulatory Compliance: the economy is a dynamic system and therefore characterized by uncertainties. Policies, laws, regulations and standards should provide stability. But regulatory pressure of every kind on companies is increasing. Not least in view of the digital transformation: it leads to the even closer networking of a company with its partners, suppliers and customers. Regulatory issues therefore need to be re-examined and defined to ensure regulatory Compliance.
Rule violations can take place on both a large and a small scale: whether it is fraud, infidelity and corruption or irregularities in payment reports and financial statements.
The consequences of such violations harm the company: the image suffers, customers end their business relationships, damages are due, the company’s rating on financial markets falls, and significant financial disadvantages can be the result and in addition raises the issue of liability.
To avoid this, risks must be identified at an early stage and safety must be ensured. Compliance Management Systems, internal control systems and test standards help. KPMG can support and advise you in all these areas.
