Thank you for sharing!

Your article was successfully shared with the contacts you provided.

With the continued proliferation of global regulations and increased public scrutiny of corporate behavior, assurance functions are on the rise. Companies have made significant investments in assurance programs (e.g., compliance, information security, quality) and control systems. A conservative estimate of the median company’s total assurance budget is 1.4 percent of total revenue (and that figure does not account for corporate spend on consultants, external audit, or assurance-related IT systems). These investments are made to identify and manage the operational, compliance and reputational risks that affect an enterprise’s financial results and brand value.

Unfortunately, despite these investments, legal and other assurance executives feel no more capable of managing risks today than they did a decade ago. Why? As risks have multiplied, companies have created an uncoordinated tangle of assurance mandates and requirements that overlap between teams and don’t recognize interconnectedness of risk and process. As a result, boards lack visibility into corporate risks, business leaders are risk averse and employees struggle to get work done while navigating compliance requirements.

This content has been archived. It is available exclusively through our partner LexisNexis®.

To view this content, please continue to Lexis Advance®.

Not a Lexis Advance® Subscriber? Subscribe Now

Why am I seeing this?

LexisNexis® is now the exclusive third party online distributor of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® customers will be able to access and use ALM's content by subscribing to the LexisNexis® services via Lexis Advance®. This includes content from the National Law Journal®, The American Lawyer®, Law Technology News®, The New York Law Journal® and Corporate Counsel®, as well as ALM's other newspapers, directories, legal treatises, published and unpublished court opinions, and other sources of legal information.

ALM's content plays a significant role in your work and research, and now through this alliance LexisNexis® will bring you access to an even more comprehensive collection of legal content.

For questions call 1-877-256-2472 or contact us at customercare@alm.com


ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2018 ALM Media Properties, LLC. All Rights Reserved.