Compliance Risk Assessments
While not all compliance risks can be avoided, Corpedia’s Compliance Risk Assessment aims to help your organization identify, prioritize, and prevent organizational compliance risks and the threats they pose. Utilizing both quantitative and qualitative methodologies, Corpedia generates a comprehensive and objective picture of an organization’s exposure to compliance risks. The end result is a clear understanding of the specific and unique risks facing your organization, and practical recommendations to help you manage and mitigate these risks. Additionally, our Compliance Risk Assessment Solutions measure risk in a way that is easily repeatable, helping you showcase your organization’s return on its investment in compliance and ethics. Our solution also helps your organization satisfy the sixth hallmark of the Federal Sentencing Guidelines, which recommends regular monitoring and auditing of your program and compliance risks.
ECERA® (Enterprise-wide Compliance and Ethics Risk Assessment)
This technology-based solution includes a comprehensive review of internal and external compliance-related data. With ECERA, Corpedia conducts an examination of corporate policies, procedures, and controls, including the structure of the compliance program, comprehensive interviews and surveys, and a rigorous data analysis. It not only ensures that you meet the expectations for risk assessment outlined in the FSG and SOX, but also provides an affirmative defense in the event of any compliance failure.
Organizational Health and Culture of Ethics Assessment
To better understand their compliance environment and operating culture, an increasing number of organizations have turned to Corpedia to conduct an assessment or measurement of such. When an organization has a strong ethical culture, employees are not only more likely to act in a legally compliant and ethical manner, but are also more trusting of the compliance system, and more likely to report any improper behavior they observe.
Employee Knowledge Assessment
Beyond an understanding of its own culture, an organization must also appreciate its employee base’s level of awareness and comprehension of ethics, compliance, and business conduct issues relevant to their job duties. Employee knowledge and intent both play a crucial role in understanding the misconduct risk exposure of an organization, and are thus an important part of the prevention and detection effort.