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Risk and compliance two sides of a coin

biz.thestar.com.my

Many companies see compliance and acquisition of information technology (IT) as additional costs that burden them.

According to US-based BI Results, LLC founder and president Rajeev Rawat, this is not necessarily true.

“If the compliance and IT adopted are effective in detecting problems, they can mitigate risks and resolve problems before an organisation's bottom line is seriously affected,” he told StarBiz yesterday.

However, he said some companies were either applying the wrong business model, or adopting compliance process (accounting or systems) or using IT that were not suitable or inefficient for their businesses.

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