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Designing an Effective Ethics and Compliance Program: Unit 3
23.1 Risk Assessment, SWOT, Scorecard, and Scenario Planning
The success of a compliance program lies in a profound analysis of the internal root causes of risks. To do that it is necessary to carry out an exhaustive investigation.
The risk assessment is an effective process used to identify, analyze, evaluate, and prioritize the risks faced by an organization, which allows having a holistic view of them, and to attack their causes.
The evaluation of risks is a process that allows knowing the vulnerable points of the operation of a business. The activities of evaluation, design, and implementation must be carried out starting from a deep self-diagnosis.
The risk assessment process ...
