We’re all about prognostications here at Compliance Week when the first week of January rolls around. For detailed predictions about what’s to come in financial reporting, enforcement, securities regulation and more, I encourage you to read our “Year in Preview” stories coming in our January 4 newsletter. But I’d be remiss if I didn’t take a step back and give my own sense of the larger pressures and changes likely to land on corporate compliance departments in 2011.
Beware the improving economy. I don’t understand how public sentiment on the economy shifted upward just because Congress passed fiscally irresponsible tax cuts and extended unemployment benefits, but it has. What’s more, the economy has already been humming along nicely in Asia, Africa and some parts of Europe (OK, just Germany) for quite a while now. Whether this momentum is sustainable or not, it is here right now—and more than anything else, that is what will influence compliance officers’ daily lives throughout 2011.
