While compliance is undoubtedly a complex proposition and one that’s filled with the potential for serious missteps for businesses and organizations, global audit and accounting firm Mazars sees things a bit differently. In its latest report, “Unlocking trust: why global compliance is on the business agenda,” Mazars explores the ways in which compliance leaders tend to see global compliance as an opportunity rather than a burden.
The firm surveyed about 900 senior accounting and tax compliance professionals around the world, and here are a few of the major findings:
- 65 percent of organizations say solid compliance practices increase investor confidence.
- 70 percent of professionals say their organizations voluntarily publish more tax information than required by laws in their countries.
- The pandemic is disrupting compliance; 38 percent of respondents say pandemic-related complexity is one of their biggest challenges.
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