Compliance risk management
As regulatory agencies such as the Federal Trade Commission and the SEC continue to tighten their regulatory requirements, it has become even more important that companies take an interest in compliance risk management. In fact, compliance risk has been defined as a company risk that can be addressed by using multiple resources including the internal controls of the business and external risk control, both of which are essential components of the overall risk management process. In essence, a company needs to identify both its own compliance risks and external risks and manage them, using a variety of approaches.
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