External reports and compliance refers to the disclosure filings that are required by regulating agencies like the SEC. Public facing companies must comply with filing guidelines set out by regulators and accounting rules depending on region, IFRS or US GAAP. These documents are submitted under the intention of transparency; it’s the responsibility of public companies to ensure that stakeholders and investors know what they’re getting themselves into by being involved in a company. This way external stakeholders can continue to support, or otherwise withdraw their support, based on results.
Discover how CCH Tagetik Performance Management Software delivers: