A new survey of decision-makers across Europe has revealed that the need to rethink tools and processes is a key priority for audit and compliance leaders.
Research by Sinequa, an enterprise search engine platform, reveals that 85 percent of compliance and audit workers in large organizations in Europe consider access to information to be difficult or fair — at best. Increasing regulations, accelerating digitalization and broader use of artificial intelligence tools have put new pressure on compliance, legal and audit departments of many businesses.
Here are some of the key findings of Sinequa’s report, Fresh Thinking and New Tools for Audit and Compliance Leaders:
- Only 12 percent of respondents considered access to data easy within their organization.
- Nearly 80 percent of respondents considered their teams to have average or even poor digital skills.
The study involved 131 respondents spread across eight European countries (Austria, Belgium, France, Germany, Ireland, Luxembourg, Switzerland and the UK), and it was conducted between April and June 2021.
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