The events of the past business decade have redrawn the global business map, bringing new levels of complexity into the regulatory environment.

Today’s decision makers face a multilayered web of compliance requirements, ranging from the traditional imperatives of statutory audit, tax and financial reporting, to international accounting frameworks, anti-money laundering and anti-terrorism measures.

Compliance pressure isn’t just coming from the regulators, either: supplier panel selectors today take into account compliance with triple bottom line and supply chain security requirements.

At Deloitte, we believe treating compliance as a box-ticking exercise misses a chance to sharpen performance for competitive advantage.

For example, Sarbanes-Oxley, CLERP 9 and IFRS standards require fundamental reassessments of financial reporting; they also provide opportunities to streamline processes for improvement. And in helping clients tighten security measures to comply with international trading regulations, we have assisted them identify opportunities to improve effectiveness, eradicate duplications, and cut costs.