Top 5 Enterprise Risk Areas
# 2 Heightened Regulation
CFOs are flooded with a number of risks in 2012, but among them one of the most prominent issues was that jump in regulations across borders reveals a survey by PricewaterhouseCoopers. Laws in some countries are designed to favor domestic companies while some countries have stringent regulations and penalize or obstruct foreign corporations' efforts to expand in the territory. Nearly 60 percent of executives said that their businesses were significantly threatened by the regulatory burdens.
“Businesses are calling for their internal auditors to broaden and deepen their skills to deal with a range of risks, including data privacy and security, regulation and government policies” reports pwc.
