How To Assess Risk With NAVEX One

UNDERSTANDING THE ESSENTIALS OF COMPLIANCE RISK ASSESSMENTS

"What is our problem with compliance risk assessments? Why do we struggle with them and once they are done, why don't we use them effectively?"

Carrie Penman asked these questions in a past article for the Top 10 Trends in Risk & Compliance, and they remain as relevant today as ever. Risk assessment is one of the most crucial and foundational elements of a compliance program, yet they are often under-leveraged and perhaps, a bit misunderstood.

In short, a risk assessment is the process of identifying, analyzing, and prioritizing potential threats that could affect your organization's objectives. It's the foundation of any strong compliance and governance program.