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what is corporate compliance reporting compliance reporting is basically the act of jotting down how your business is aligning with government rules and regulations these reports show the company where its compliance efforts are going and how well its following legal requirements the reports show what areas need attention where the risks are and how to make future business decisions larger organizations typically have a chief compliance officer at the helm of generating useful reports smaller businesses usually designate the responsibility to another staff member such as an I.T professional or a legal department representative once created reports usually go to an external auditor in terms of internal use a stakeholder or a manager might read these reports to determine how to make changes to internal processes for better compliance in the future almost all companies need to have compliance reporting procedures though the exact regulations to account for differ depending on the industr
