Episode 96: What is a Compliance Risk Assessment?
Coffee with Coker
English - February 03, 2022 08:00 - 37 minutes - 52 MB - ★★★★★ - 9 ratingsMedicine Health & Fitness Business Management business education healthcare consulting Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Rob Mendoza and Roz Cordini join Mark to talk about the compliance risk assessment process. Now more than ever, these organizations must maintain an effective compliance program. The industry recognizes conducting a compliance risk assessment regularly as one of the key elements of an effective compliance program.
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Episode Synopsis
A compliance risk assessment is a structured process for identifying, evaluating, and prioritizing legal and regulatory risks that could negatively impact the organization. It allows the organization to focus essential resources on the most significant risks and areas lacking adequate controls.
There can certainly be a level of ambiguity when one hears the term compliance risk assessment. It can easily be confused with other reviews or examinations an organization conducts. Rob and Roz also share what is not considered a compliance risk assessment.
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Extras
How to Conduct a Compliance Risk Assessment (and Why You Should)