On parallel yet similar tracks, the roles and reporting relationships of the chief audit executive and the chief compliance officer continue to be heated, contested, and ultimately muddled topics.
Although the view that CAEs and CCOs need a high degree of independence and clout to accomplish their responsibilities has gained increasing momentum, there are still naysayers and skeptics who believe they should remain where they have historically resided and reported—the CAE within finance and to the chief financial officer, and the CCO under the purview of legal and to the general counsel.
