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Takeovers, mergers, acquisitions, stock market crashes, accounting scandals, and globalization, have triggered the need for stricter governance, and creation and enforcement of regulations to improve the accuracy and credibility of corporate data with an intent to prevent scandals and financial disasters. As data continues to evolve as well as grow exponentially, criminals find new ways to break the law (Mahanti,  2021 ). While the cost of compliance is high, the cost of compliance is significantly higher. In this article, we present a brief overview of compliance and regulations, discuss the cost of non-compliance and some related statistics, and the role data quality and data governance play in achieving compliance.

COMPLIANCE, DATA, QUALITY, AND GOVERNANCE