5 steps to managing global statutory audit challenges

Statutory audits are vital to your global compliance effort. They can provide information to support transfer pricing and other important international strategies and provide key insights into improving your global operations. If your company is treating them like a compliance nuisance, not only may you be risking enforcement trouble with local jurisdictions, you also are failing to leverage their inherent value and may well be driving up the overall effort and expense of your global accounting effort. Give statutory audits the attention they deserve, and you can gain real benefits for your company. Here's five steps to get you started: