This is another course in our series on the controllership function. The controller’s role encompasses many traditional responsibilities. The breadth and depth of the controller's skill set has expanded and will continue to expand as the business world evolves.
Controllers ensure that the company adheres to all relevant laws and regulations. Their role in compliance extends not just to financial areas but also to operational, regulatory, and legal compliance. They stay up to date with changes in financial regulations and adjust the company's policies and procedures accordingly.
The controller has several broad areas to stay up to date on regarding compliance initiatives:
Within this segment, we will address the controller’s role in compliance in today’s digital age.