Automated Compliance Key market participants Market participant Role Description Auditor Core Individual(s) who perform(s) the financial statement examination and provide(s) reasonable assurance of the financials via the audit opinion Financial Institution Core An entity providing the financial statements and requesting the audit opinion Regulator Supporting A monitor who verifies adherence to audit activities (e.g. the CCAR regulator is responsible for verifying requisite capital is on hand to conduct operations) Accountant Additional Individual(s) responsible for reviewing, preparing and filing the tax statements on participant behalf of the FI Federal Reserve Additional The US government organization responsible for supervising and regulating participant banking institutions Internal Revenue Service Additional The US government organization responsible for tax collection and tax law participant enforcement WORLD ECONOMIC FORUM | 2016 94