A 12-Step Guide to Conducting an Ethics & Compliance Risk
Assessment

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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.