Organizations face considerable uncertainty when making decisions and taking actions that may have significant compliance consequences. The management of compliance risks helps organizations protect and increase its value.
Given the importance and breadth of compliance, a clear definition of the potential risk exposure is critical to effectively manage compliance activities and focus on the most impactful activities. You can and should quantify compliance risk. Bow tie analysis can be an invaluable tool in quantifying compliance risk.
Download this publication on guidance on:
- How to apply bow-tie analysis as part of the Risk Analysis process; and
- Assess and treat compliance risks efficiently and cost effectively to meet the expectations of a wide range of stakeholders
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