A recent poll of over 2,100 CFOs over america by Robert Half Management Resources found that nearly three-quarters (73%) of respondents categorized their accounting and finance teams’ regulatory and compliance information as either “outstanding” or “great.”
“It isn’t surprising today’s finance teams believe they are present on new rules, but companies should not fall under a false sense of security, believing catching up-to current mandates will do,” Paul McDonald, senior executive director of Robert Half, said in a written declaration. “Corporate leaders must execute proactive strategies to make certain their workers remain updated on emerging regulatory needs.”
McDonald offered the subsequent three strategies that supervisors may utilize to make sure their groups keep the crucial compliance and regulatory experience:
- Provide training opportunities.
- Provide access to continuing professional education classes and business seminars.
- Bring in consultants with specific expertise who is able to support cross-train existing employees and compliance initiatives.