What is the function of regulatory accounts in OneStream’s COA?

The function of regulatory accounts in OneStream’s Chart of Accounts (COA) primarily revolves around tracking compliance-related financial information required by various regulatory agencies. These accounts are designed to capture and report financial data that adhere to specific regulations, ensuring that organizations can provide auditors and regulators with the necessary information to demonstrate compliance with laws and standards.

Regulatory accounts play a critical role in financial reporting, helping organizations maintain transparent records that reflect their adherence to legal and regulatory requirements. This allows for more straightforward audits and reviews by governmental or regulatory bodies, which often assess an organization’s financial practices and reporting accuracy. The information stored within regulatory accounts ensures that an organization remains in good standing from a compliance perspective, which is vital for maintaining operational integrity and avoiding potential penalties.

The other options did not align with the specific function of regulatory accounts. Managing day-to-day operational expenses pertains more to operational accounts, consolidating all accounts relates to overall financial structure rather than compliance, and analyzing non-financial data falls outside the purview of what regulatory accounts focus on.