Recognize key risk assessment terminology. Choose a risk assessment model that fits your organizational and business needs, including enterprise, compliance, internal audit, and/or fraud risk assessments.
Collaborate between departments such as Compliance, Risk and Internal Audit to streamline activities. Plan risk assessment activities that have a steady rhythm in order to better engage your stakeholders.
Formulate risk rankings and develop reporting that will result in reliable, understandable, and actionable results
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