A Balanced Scorecard for Compliance - Requirements of a Comprehensive Compliance-Reporting

Abstract

Companies increasingly focus on compliance and progressively establish various compliance measures. Despite these efforts, in general no comprehensive overview of all compliance data exists. An enterprise must however communicate its compliance to multiple internal and external stakeholders. A central compliance reporting - ideally using an already existing reporting concept - is to be developed. The balanced scorecard concept is already widely accepted and used for reporting purposes in theory and practice. Companies increasingly focus on compliance and progressively establish various compliance measures. Despite these efforts, in general no comprehensive overview of all compliance data exists. An enterprise must however communicate its compliance to multiple internal and external stakeholders. A central compliance reporting - ideally using an already existing reporting concept - is to be developed. The balanced scorecard concept is already widely accepted and used for reporting purposes in theory and practice

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