This Statement on Management Accounting (SMA) examines how management accountants can play an integral role in ensuring corporate compliance by:

  • Using data analytics to gain insights that enhance the effectiveness of compliance programs.
  • Designing incentive programs to increase internal reporting of fraud and misconduct.
  • Increasing engagement and knowledge retention in compliance training through storytelling and gamification.

The report also explores the factors that inhibit compliance programs’ effectiveness and offers strategies that can aid management accountants in establishing and strengthening compliance programs.

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