CGF Articles & Editorials
ARE YOU READY FOR REGULATORY ONSLAUGHT AND INTERVENTIONS? (2017-02-02)
By Lucien Caron and reviewed by Terrance M. Booysen
Increasingly, large and small organisations are under mounting pressure to manage regulatory compliance and their associated risks more effectively. Greater attention thus needs to be given to the organisation’s risk appetite and its risk mitigation, both at the enterprise and service-line levels.
Regulatory audits have confirmed that regulatory compliance is underpinned by the quality and integrity of data and the management thereof - getting it wrong could prove very costly. In this regard, the cost of poor compliance is usually both financial and reputational as demonstrated recently by the record fines imposed on a number of South African organisations by regulators.
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