An effective Ethics & Compliance (E&C) program must be built on a thoughtful and rigorous risk assessment to satisfy regulatory expectations and ensure limited resources are focused on the highest threats. This guide provides a systematic, 12-step framework to help organizations define their unique risk profile, overcome common execution barriers, and transition from ad-hoc reviews to a dynamic, ongoing process that protects the business.
Download this 12-step guide to structure your E&C risk assessment:
- The crucial steps to secure leadership buy-in and define your organization’s risk appetite before starting the assessment process.
- A clear methodology for distinguishing between Inherent Risk and Residual Risk using qualitative and quantitative rating scales.
- Key strategies for identifying and rating mitigating controls (both preventative and detective) and documenting gaps that require an action plan.
- Why automation is essential for monitoring mitigation efforts, generating board-level reports, and repeating the assessment process annually to maintain compliance.