Compliance and Controls: The State of the Industry

Compliance and Controls: The State of the Industry

FloQast
Published by: Research Desk Released: Sep 14, 2023

Organizations spend, on average, $2.4 million annually on corporate compliance and internal control, which speaks to how vital these functions are to organizations. But are companies getting a return on this investment?

Our research, conducted in conjunction with the University of Georgia Consumer Analytics program, found alarming disconnects, including:

• Only 26% of survey participants felt their existing compliance and control management processes add significant value to the organization

• More than half indicated their current processes are adding stress to their work rather than removing it