The collapse of Enron, WorldCom and other corporate accounting scandals of 2002 not only almost brought Wall Street to its knees; it also signaled the beginning of a new age of compliance.
The collapse of Enron, WorldCom and other corporate accounting scandals of 2002 not only almost brought Wall Street to its knees; it also signaled the beginning of a new age of compliance. Companies have been forced to adopt better governance and risk management approaches, and in large part they have responded well.
However, compliance is much more than a one-off challenge to be addressed with a point solution; it’s an ongoing concern that requires continuous monitoring and that impacts the business as a whole.
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