Compliance professionals are invited take the State of Compliance survey online to contribute to the 2018 report. The study will evaluate organizational structures, highlight which functions are done internally rather than outsourced and determine the total cost of compliance under regulatory requirements. The aggregated results will provide actionable insights into how companies are navigating the expanding regulatory landscape, which compliance professionals can use to inform their own programs and initiatives.
In the 2017 report, author Stephen Wall examined the true cost of compliance, including the average annual staffing cost of complying with regulatory requirements. He determined that companies spend between $500,000 and $4 million to run their compliance programs. Read more of his key insights in the 2017 State of Compliance study.
The survey takes approximately 10 to 15 minutes to complete. Those who participate will receive a $5 Starbucks gift card, as well as entry into a draw to win a ticket to a 2018–19 Supply Chain Summit Series conference.
The 2018 report is being authored by Nick Padlo, a Stanford MBA graduate and independent researcher, in partnership with Assent Compliance and Ropes & Gray. Deloitte is an advisor on the study. Once the results are aggregated, the study will be available for download at the end of June.Read More