To minimise compliance costs, this test will utilise the audited consolidated financial statements that are already required to be prepared by the worldwide parent entity.
The most expensive compliance costs associated with the storage of unstructured information include e-discovery, access governance and internal auditing activities.
The compliance costs stemming from these regulations, however, could come in the form of environmental taxes, regulatory delays, the threat (or execution) of lawsuits, product redesign, or emissions limits.