With current day regulations requiring the implementation of robust control frameworks, it is critical for firms to have the necessary reporting processes in place and that they are being governed with robust control points.

Managing data is challenging, particularly when it’s being accessed across multiple systems and is being reported on or used to determine reporting obligations. To ensure accurate, complete, and timely reports, it’s important for firms to have a strong data quality component as part of their control frameworks.

Firms that fail to act on data validation today face the risk of imposed fines which could prove costly to fix in the future.

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