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An ethics and compliance risk assessment is the foundation of an effective ethics and compliance risk management program. This detailed course provides a 12-stage framework that will help you complete your own ethics and compliance risk assessment.

The 12 stages are divided into two components, the Planning Phase and the Implementation Phase.

The planning phase consists of six stages;

  • Leadership buy-in.
  • Setting up the process.
  • Resources.
  • Framework & methodology.
  • Risk appetite.
  • Automation.

The Implementation Phase has six stages too;

  • Collecting the data.
  • Identifying ethics and compliance risk factors.
  • Inherent risk.
  • Identifying, mapping and rating mitigating controls.
  • Residual risk.
  • Developing the action plan.

In this hands-on course, we provide a wealth of practical tips on how to go about these tasks. Along the way we are also going to look at a number of major components and themes relating to the ethics and compliance risk assessment; items such as;

  • Definitions.
  • Understanding why ethics and compliance risk assessment are so important.
  • Regulations and compliance requirements in the US, the UK, France and the OECD.
  • How the COVID-19 pandemic changed the risk profile and what we need to do to counter these additional risks.
  • Details of the main risk management systems currently in use.

With a completed ethics and compliance risk assessment and armed with your findings and action plan, you will be equipped to develop and implement an effective ethics and compliance risk management program.

As an added bonus, the approach that we use in this course is easily applied to any form of compliance, ethics, or conduct risk. What this means is that that the process will work equally well for data privacy, bribery and corruption, conflict of interest, financial integrity and fraud, modern slavery and other forms of economic crime.

Course Key Concepts: Risk management, Ethics, Residual risk, Compliance, Inherent risk, Regulation, COVID-19, Corruption, Risk appetite, Risk tolerance, Heat map, Risk register.

Learning Objectives

  • Explore why ethics and compliance is so important for the modern business.
  • Identify essential elements of the main regulatory ethics and compliance requirements in the US, the UK, the OECD and France.
  • Discover how the COVID-19 pandemic altered the business risks.
  • Recognize the key stages of the planning and implementation phases.
  • Explore the different risk management frameworks.
Last updated/reviewed: September 29, 2021

4 Reviews (15 ratings)Reviews

5
Member's Profile
Fantastic overview of the importance of having an ethics and compliance risk assessment program. Terrific step by step guide through the overview, planning, and implementation.
5
Anonymous Author
Ethics is important in compliance and being able to merge the two assists in lowering risk and complying with all regulations and good ethical business practices.
5
Anonymous Author
I think this course is a solid way to earn ethics CPE; it was straightforward and helpful.
5
Member's Profile
Excellent training with adequate presentation materials.

Prerequisites

Course Complexity: Foundational

No advanced preparation or prerequisites are required for this course.

Education Provider Information

Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact:
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Course Syllabus
INTRODUCTION AND OVERVIEW
  3:18An outline of Ethics and Compliance Risk Assessment Program
  6:09Understanding an Ethics and Compliance Risk Assessment
  5:00Definitions
  5:52Importance
  4:30Important Regulatory Requirements
  5:32Business Risk Under COVID
PLANNING PHASE
  7:48Planning Phase-Part 1
  9:58Planning Phase-Part 2
  8:06Planning Phase-Part 3
IMPLEMENTING PHASE
  10:02Implementing Phase-Part 1
  11:02Implementation Phase-Part 2
  18:14Implementation Phase-Part 3
  2:42Course Wrap Up
CONTINUOUS PLAY
  1:38:13How to Plan and Implement an Ethics & Compliance Risk Assessment Program
SUPPORTING MATERIAL
  PDFSlides: How to Plan and Implement an Ethics & Compliance Risk Assessment Program
  PDFHow to Plan and Implement an Ethics & Compliance Risk Assessment Program Glossary/ Index
REVIEW AND TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM