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Handouts

Overall Survey | CEU Application | Conference Agenda

Introduction

Greg Triguba, Principal, Compliance Integrity Solutions, LLC

  • Identify the expectations for and value of compliance risk assessments
  • Define key terms and concepts associated with compliance risk management
  • Identify the key elements of a compliance risk management cycle
  • Identify key practice objectives, relationships, and frameworks that can be applied to the management of compliance risks

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Evaluation

Identification of Compliance Risks

Greg Triguba, Principal, Compliance Integrity Solutions, LLC

  • Identify compliance risks and define a risk universe
  • Classify and group identified compliance risks and create a risk inventory
  • Leverage risk identification methodologies to effectively identify and manage risk

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Evaluation

Risk Appetite and Tolerance

Caroline McMichen, Strategic Advisor, SAI360, Principal, McMichen Consulting LLC

  • Define risk appetite and tolerance
  • Understand how they are established by an organization and how they inform business strategy and objective-setting
  • Apply these concepts to compliance and ethics risks, risk management, and mitigation

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Evaluation

Assessing Severity

Gwendolyn Hassan, Compliance Officer/Counsel, In Transition

  • Identify and define the factors that comprise risk severity
  • Identify and implement different methods for assessing risk severity
  • Apply techniques for assessing the severity of compliance risks to real-world scenarios
  • Identify techniques for enhancing your risk assessment process using more advanced techniques

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Evaluation

Assessing Internal Controls over Compliance

Caroline McMichen, Strategic Advisor, SAI360, Principal, McMichen Consulting LLC

  • Differentiate between the different types of internal controls
  • Differentiate between design and operating effectiveness of internal controls
  • Design and develop tests to measure the design and effectiveness of internal controls over compliance
  • Differentiate between monitoring and auditing of internal controls

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Evaluation

Risk Response and Mitigation

Gwendolyn Hassan, Compliance Officer/Counsel, In Transition

  • Assess whether a response is necessary based on target and actual risk
  • Differentiate between preventive and detective controls over compliance
  • Design an appropriate response based on the results of a compliance risk assessment
  • Implement and follow up on a risk response plan

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Evaluation

Completing the CRM Cycle

Caroline McMichen, Strategic Advisor, SAI360, Principal, McMichen Consulting LLC

  • Identify the principles of ERM as defined by COSO and their role in the compliance and ethics risk management cycle
  • Identify and implement compliance and ethics program elements and actions that help an organization meet those objectives

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Evaluation

Final Considerations

Gwendolyn Hassan, Compliance Officer/Counsel, In Transition

  • Identify drivers of compliance risk in your organization
  • Identify and apply techniques for creating a risk-aware culture
  • Apply the concepts covered in this workshop to improve the compliance risk assessment and management processes in your organization

Presentation
Evaluation