Despite its importance, maintaining financial integrity can be challenging. Some common challenges include:
1. Complex Regulatory Environment: Navigating the ever-changing landscape of financial regulations can be difficult and time-consuming. 2. Resource Constraints: Smaller organizations may lack the resources to implement robust internal controls and conduct regular audits. 3. Technological Risks: While technology can enhance financial integrity, it also introduces risks such as cybersecurity threats and data breaches. 4. Cultural Barriers: Establishing an ethical culture requires continuous effort and commitment from all levels of the organization.