Red tape reduction drive fails to convince businesses

Red tape reduction drive fails to convince businesses

NAO survey struggles to find anyone who thinks administrative burdens have eased

Complying with business regulations has become no easier, a study by the
National Audit Office has found.

Despite a drive to reduce the administrative burden on businesses by a
quarter by 2010, the NAO’s survey found that almost no-one thought compliance
had become easier, while a third believed it had worsened.

Amyas Morse, head of the National Audit Office, said: “There is always a
difference between perception and reality but our testing shows that almost no
businesses think that complying with regulation has become easier or less time
consuming in the last year. The majority think that things have remained the
same and over a third think that the burden of regulation has got worse. On the
other hand, 42 per cent of businesses think that government is getting the right
balance of regulation to protect people and the environment.”

Further reading:

Complying
with regulation – business perceptions survey 2009

http://www.nao.org.uk/publications/0809/complying_with_regulation.aspx

Share

Resources & Whitepapers

The importance of UX in accounts payable: Often overlooked, always essential
AP

The importance of UX in accounts payable: Often overlooked, always essentia...

3y Kloo

The importance of UX in accounts payable: Often ov...

Embracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...

View article
The power of customisation in accounting systems
Accounting Software

The power of customisation in accounting systems

3y Kloo

The power of customisation in accounting systems

Organisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...

View article
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

6y Accountancy Age

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
8 Key metrics to measure to optimise accounts payable efficiency
AP

8 Key metrics to measure to optimise accounts payable efficiency

3y Kloo

8 Key metrics to measure to optimise accounts paya...

Discover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...

View article