Outsourcing
With Forvis Mazars' strong outsourcing advisory record, businesses are geared to scale with an unprecedented level of flexibility. Work with us for your matters such as HR & Payroll, Tax Compliance, Accounting and Reporting, and more.
This global survey reveals that when compliance is done well it builds investor confidence, increases client and customer trust and shapes a positive reputation with the outside world. Far more than ticking a box, global compliance is a source of opportunity.
With 890 responses from senior compliance professionals in 25 countries, including 51 in Singapore, the study shows the clear sense of responsibility that business leaders have towards global compliance and the return on investment they expect to see.
It also provides insight into how business leaders view compliance as getting harder to manage because of increased complexity, fast-changing legislation and the long consequences of Covid-19. To keep up with developments, leaders are planning to boost investment in technology and the skills of their teams.
To provide a more regional outlook of the compliance function, we produced a Singapore edition of the global study here to analyze the business value of compliance today and the vision that senior compliance leaders in Singapore hold of how business needs to work tomorrow.
Erick Gillier, Partner and Global Head of Outsourcing, Mazars says: “Global compliance has long been a cornerstone of good business practice but can still be viewed by some as simply an obligation to be met rather than an opportunity to be capitalised on. That’s why we set out to uncover how business leaders approach global compliance, including the attention they devote to it, the returns they expect, the risks they anticipate and where they focus investment.
Erick adds: “With scrutiny on business as tight as ever, the findings that most leaders plan on increasing financial and human resources dedicated to compliance should be reassuring for anyone who wants to see good business done well”.
Chris Fuggle, Partner and Head of Outsourcing, Mazars in Singapore says: “The increasing complexity of the regulatory environment creates a major challenge for international businesses in the region. Ensuring compliance with an ever-expanding set of rules is costly and resource intensive.
Chris adds: “Without a doubt, the cost of non-compliance in today will grow heavier in the future. The Singapore edition of the global study clearly demonstrates that leaders in Singapore and APAC view global compliance as a strategic priority that bring real opportunities and value to the business.”
Read our global and Singapore reports to learn about the opportunities global compliance can create, the challenges ahead, how tax transparency acts as a microcosm for compliance, what business leaders are doing to prepare for the future, and more.
This website uses cookies.
Some of these cookies are necessary, while others help us analyse our traffic, serve advertising and deliver customised experiences for you.
For more information on the cookies we use, please refer to our Privacy Policy.
This website cannot function properly without these cookies.
Analytical cookies help us enhance our website by collecting information on its usage.
We use marketing cookies to increase the relevancy of our advertising campaigns.