Forvis Mazars compliance survey

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required
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Firm's Senior Managers and Certification Regime (SM&CR) category
Enhanced
Core
Limited scope
Whilst providing your name and email is mandatory for this survey, please tick this box if you would like your responses to be submitted anonymously.
1
2
Which of the following are included in the responsibilities of the compliance function? (Select all of the following that apply)
Regulatory due diligence over prospective partners
Management of the SM&CR framework
Training to the rest of the business on compliance-related topics
Quality assurance
Complaint handling/escalation and root cause analysis
ESG
Financial crime prevention
Product governance
3
If your firm is a group or has international operations, is the compliance function run centrally or localised in each country / entity?
Centrally
Locally
Both
No international / group operations
4
How do you use third parties in the delivery of the function?
Outsource
Co-source
Specialist advice
Not applicable
5
Which areas do you automate or plan to automate?
Horizon scanning / updates
Monitoring / assurance processes
Internal reporting
Gap analysis against regulatory changes and/or publications
Compliance risk assessment
Advice and support on routine queries
Planning
Other
6
What do you see as the top three challenges for the compliance function in the next 12 months? (Select three of the following)
Climate change and ESG-related expertise
Developing and embedding the right culture
Implementing the new Diversity and Inclusion (D&I) regime
Intervention from the regulator
Keeping on top of technological developments (including AI)
Maintaining board engagement
Management information and reporting
Potential for remediating customers
Resourcing and retaining talent
Supporting the growth plans of your firm
The pace of regulatory change
Other

Forvis Mazars LLP

Forvis Mazars LLP is the UK firm of Forvis Mazars Global, a leading global professional services network. Forvis Mazars LLP is a limited liability partnership registered in England and Wales with registered number OC308299 and with its registered office at 30 Old Bailey, London, EC4M 7AU. Registered to carry on audit work in the UK by the Institute of Chartered Accountants in England and Wales. Details about our audit registration can be viewed at www.auditregister.org.uk under reference number C001139861. VAT number: GB 839 8356 73.

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