Private equity CFOs say that the Foreign Account Tax Compliance Act will have the highest expected impact on their business, according to a recent survey conducted by Ernst & Young in collaboration with PEI. While they consider regulations to be manageable, a large majority expect it to increase internal costs or force them to pass costs on to their funds.
CFOs face ‘extraordinary regulatory change’
“The vast majority of CFOs continue to cope with the fallout from extraordinary regulatory change,” says the EY survey. “Knowing the wave of regulatory changes will persist into the near future, it is safe to say that CFOs who can lower costs will have a distinct competitive advantage.”
The consensus is striking: 96% of CFOs said that Setup a free account to get access to this article (no credit card required).Login required to continue reading.
