Risk.net

Burden of compliance threatens outsourcing

The burden of handling compliance and regulatory issues has become a major obstacle to outsourcing finance and accounting (F&A) business functions, according to a survey of UK chief financial officers (CFO) conducted by LogicaCMG.Increased regulation and emphasis on governance was identified by CFOs as the most significant barrier to outsourcing. Only 7% currently outsource any F&A functions, with 68% stating that the burden of current financial regimes is holding them back. The severity of