Compliance Risk Assessments: An Introduction
Regularly conducting a comprehensive risk assessment is key to ensuring the effectiveness of a strong compliance and ethics program. With them, you can create a system that not only finds compliance issues, but also works to keep those issues from happening.
Compliance Risk Assessments: An Introduction walks you through the compliance risk assessment process step-by-step to set you on the path to success.
Define your organization’s compliance risk universe and identify your specific compliance risks.
Assess and prioritize your organization’s specific risk factors by determining the likelihood and impact of occurrences.
Learn to develop a compliance risk assessment survey that is unique to your business with a sample template.
Address the risks you have compiled from your survey results by transforming them into numerical scores and generating a risk universe matrix to develop your unique risk mitigation plan.
Compliance Risk Assessments: An Introduction is written by Judith W. Spain, JD, CCEP, who has established compliance risk assessment initiatives at Eastern Kentucky University (EKU) and Manhattanville College. She is a tenured professor in the EKU School of Business, a licensed attorney, and the founder of Higher Education Compliance Consulting.