Corporate compliance programs are the heart of any business as they influence the way the company operates and ensure regulatory requirements are met.
However, corporate compliance and risk mitigation are some of the hardest programs to implement and maintain due to the frequent changes within regulatory environments. With each state, country and industry having its own sets of regulations and different levels of inherent risk, a business could fall out of compliance without even realizing it.
Companies can safeguard their operations and mitigate compliance risks in many ways, like documenting procedures and scheduling regular review cadences. These steps can ensure current programs are properly implemented and auditable. However, they don’t account for the changing environments. Conducting a corporate compliance risk assessment is an easy way to see how exposed your company may be when it comes to regulations while ensuring you maintain good standing with regulators.
To provide insight into your current risk exposure and guidance on policies that aid in risk mitigation, we’ve created a quick seven-question quiz.
