Compliance Risk Assessments: An Introduction
How effective is your compliance risk assessment process?
Regularly conducting a comprehensive risk assessment is recognized as one of the key elements of an effective compliance and ethics program and the foundation upon which a strong program is built.
Compliance Risk Assessments: An Introduction by Judith W. Spain walks you through the compliance risk assessment process step-by-step to set you on the path to success.
You'll discover how to:
- 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.
About the author
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.
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To learn more about this book, Judith Spain reviews the changing importance of the concept of risk and risk management and how it has moved from an insurance-based approach for mitigating damage after an event to a more proactive one designed to prevent the problem in the first place. Check it out on Compliance Perspectives Podcast with Adam Turteltaub |