Compliance management stands for measures to ensure and comply with legal requirements, regulatory standards and the fulfillment of key internal and external stakeholder requirements. The regulatory landscape has continued to become more complex, most recently with the GDPR and upcoming regulations on whistleblowing.
The increase of regulatory requirements and the government’s implementation and prosecution of violations does not only affect Germany, but also the USA, Great Britain, Brazil, Russia and China, and accordingly our customers’ key markets. Simultaneously, the digital transformation is changing the business models of many companies and thereby the associated risks.
This requires organizations to “keep up” via strong compliance measures and ultimately set up a future-proof compliance management system.
PwC supports companies in further developing their tailored compliance management system. Our experts develop individually suitable measures to handle compliance risks. On this basis, companies can use the challenges of current developments in the market to their advantage.
What PwC can do for your company in detail:
Compliance experts and PwC employees will support you in the compliance risk analysis. We make sure you know the relevant issues pertaining to legal and compliance risks and help you be compliant in the long term. In addition, we develop and integrate a risk assessment methodology into company-wide risk management. On this basis, you can take appropriate action. In detail, our services include:
High-level and detailed risk assessment for all relevant legal areas
PwC experts accompany compliance officers in the further development of their CMS as part of the digital transformation. This includes, for example, the following tasks:
Our experts help you bundle compliance measures in an efficient system and organize them for the entire company. In doing so, we rely on the strengths of innovative technologies. Our offer includes:
We evaluate the status quo of your compliance system – as an overall concept or for selected elements. On this basis, we enable transparent reporting to internal and external stakeholders.
PwC experts identify potential for improvement and make appropriate recommendations.
We take your compliance management system to the next level
The interdisciplinary PwC team of experts in law, business processes and technology gives your company real competitive advantages in the field of compliance. Our specialists are leaders in their field. They have contributed to the development of standards, for example as members of the Institute of Public Auditors in Germany, Incorporated Association (IDW), COSO (Committee of Sponsoring Organizations of the Treadway Commission) or the German Institute for Compliance e.V. (DICO). They regularly publish current market studies on compliance issues. Examples include the Digital Ethics White Paper, the Global Crisis Study, our Digital Risks and Ethics study, and the State of Compliance 2018 publication.
Our PwC experts have operational expertise regarding the relevant challenges and circumstances, especially in the following areas:
The PwC team brings company and industry specific experience and frameworks. These include, for example, standardized toolkits for young and fast-growing companies to accelerate the introduction of a CMS, such as the preparation of an initial public offering or the requirements of lenders. Last but not least, the PwC team has global reach and hands-on expertise to implement the actions in every unit of your group around the world.
The trend towards stricter regulation has intensified further. Uncertainties cannot be completely ruled out in today’s business environment. However, it is possible to turn them into a controllable risk. PwC is your trusted partner in the field of compliance, compliance management, compliance organization, as well as the implementation of measures and their successful realization.
Dr. Robert Paffen
Partner, Risk Consulting Leader PwC Europe
Tel: +49 211 981-4330
Director, Risk Consulting
Tel: +49 40 6378-1693