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CFO Insights — Compliance risks: What you don’t contain can hurt you

Published on: Dec 03, 2015

As global regulations proliferate and stakeholder expectations increase, organizations are exposed to a greater degree of compliance risk than ever before. Specifically, compliance risk is the threat posed to a company’s financial, organizational, or reputational standing resulting from violations of laws, regulations, codes of conduct, or standards of practice.

To understand their risk exposure, many organizations may need to improve their risk assessment process to fully incorporate compliance risk exposure.

This issue of CFO Insights discusses how CFOs can work with their chief compliance officers to understand the full spectrum of compliance risks lurking in each part of the organization. It also discusses ways to assess which risks have the greatest potential for legal, financial, operational, or reputational damage, and considerations for allocating limited resources to mitigate those risks.

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