US companies in every sector are confronting an unprecedented level of uncertainty as the global tariff landscape evolves. Trade tensions remain a persistent fear, and policy changes are affecting not only supply chains and operational planning but also the core of corporate integrity, compliance and financial due diligence and reporting. Gareth Lake of Kroll examines best practices for effective trade risk management in this environment.
For compliance officers, C-level executives, board members, general counsels and risk managers, the unsettled situation around tariffs represents much more than a technical accounting challenge. It demands an enterprise-wide response to safeguard both the organization’s reputation and financial stability. In today’s climate, maintaining accurate financial disclosures, upholding corporate integrity and preserving stakeholder trust are not simply optional — they are essential to long-term success.
Leaders should consider four proactive approaches that can significantly reduce tariff risk from a compliance perspective to successfully navigate this period of volatility.
Integrating tariff charges into inventory cost
A foundational step for any organization is ensuring that tariffs are properly allocated to inventory cost, as required under generally accepted…
