Statutory Reporting and Tax

Material risk in focus - November 2026

Confidence in risk management for Statutory Reporting and Tax remains high, with firms making continual improvements in a stable landscape.

Statutory Reporting and Tax (SRT) is now the lowest ranked material risk as of H1 2026, with materiality scores having fallen nearly 12% year-on-year

The industry is confident in their ability to manage SRT, with 87% rating their risk management as effective (behind only Physical Security & Safety). However, despite this confidence financial losses rank considerably higher than the perceived materiality of this risk type.