Seeing it in the UI now, I don't think this gives enough context.

The new button just seems out of place, since there's no info to describe why it's there.
Also, both the main card action area & the view reports button make up the primary action of this card - to go to the reports list. But this doesn't add any value as the list will be empty.

I think instead we should remove all of the card actions and the card body under the title, with a check list. Maybe with some copy too that says something like, "complete these requirements to access financial reports".

I just tried to mock up something, and I think that puts too much info on this card.
Let's just add some copy to the card & remove the card actions, and then put dependency details on the report list page.
Something like this: