The third ingredient in a world-class ethics and compliance program

Compliance risk assessments

As global regulations proliferate, and as stakeholder expectations increase, organizations are exposed to a greater degree of compliance risk than ever before. To help resolve this situation and continue to add value to their organizations, ethics and compliance professionals need to be sure they understand the full spectrum of compliance risks lurking in each part of the organization. They then need to assess which risks have the greatest potential for legal, financial, operational, or reputational damage and allocate limited resources to mitigate those risks.

Key differentiators

What separates a “good” ethics and compliance program from a “great” one? While there are a number of factors that separate the “good” from the “great,” in our experience, there are five factors that are key differentiators in the highest performing compliance programs:

Click here to download a compendium that provides details about all five ingredients. This 32-page document allows for easier reading and reference.

Compliance risk assessments

This article takes a look at compliance risk assessments. To understand their risk exposure, many organizations may need to improve their risk assessment process to fully incorporate compliance risk exposure. Download the PDF for insights on:

  • How a compliance risk assessment differs from—and the interrelationship between—an internal audit assessment and an enterprise risk assessment
  • Ways to determine your organization’s top compliance risks
  • Leading practices to consider when building your compliance risk assessment
Compliance risk assessments
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