Audit and Compliance
Review internal practices, identify potential risks and recommend policy adjustments
Internal risks are the silent killer for many organizations. The internal or external threat may not be identified until too late. Many organizations implement some level of shared audit and risk mitigation process and review. For example, internal departments may complete audits on a quarterly basis and seek external or third-party compliance audits on an annual basis.
Maintaining this practice can serve multiple benefits to include not tipping off potential wrong doers when actual maleficence is suspected. As periodic compliance audits are a regular occurrence, there is nothing to worry. However, if a compliance audit is initiated without precedence, you may never uncover the objective.
Power in Numbers