As compliance evolves and corporate compliance programs become more sophisticated, compliance is seen not as simply a legal prophylactic, but as a business process.
Seen in this light, it is clear the risk management process should begin with forecasting as it attempts to estimate future aspects of the business. Compliance professionals should be able to say with some degree of authority what will happen in the next three months, six months, twelve months, twenty-four months. This can facilitate resources deployment where they think is appropriate to meet these future demands.
