Compliance Risk Assessment Process Diagnostic
An effective compliance risk assessment is a critical foundation of any compliance program. While risk cannot be prevented, it can be both managed and mitigated. Therefore, effective risk assessments drive both immediate and multi-year compliance and ethics program plans and priorities. The risk assessment diagnostic helps companies determine how effective their risk assessment process is by examining such areas as:
- Risk area universe
- Stakeholder involvement
- Document management structure
- Methodology