Keys to Successfully Adopting an Integrated Risk Strategy
There are three lines of defense in risk mitigation. Get operations, compliance, and auditing on the same team.
There are three lines of defense in risk mitigation. Get operations, compliance, and auditing on the same team.
Operations, compliance, and audit teams often work independently. When you re-engineer these processes into a single-team approach, you take an offensive stance against fraud, bribery, and other threats.
You can tackle risk with a three-tiered approach that creates the following results: