Ethics and Compliance Risk Assessment Training Course

Participants can select and apply suitable frameworks to structure a compliance risk assessment.

• ISO 31000 principles applied to ethics and compliance risks
• COSO ERM components linked to conduct and regulatory exposures
• ISO 37301 compliance management system requirements for risk assessment
• DOJ Evaluation of Corporate Compliance Programs risk assessment expectations
• Regulatory guidance converted into practical assessment criteria and evidence
• Framework selection based on organisational maturity and regulatory exposure

Participants can establish an assessment plan with clear scope, roles, evidence sources and approvals.

• Define legal entities, locations, processes and populations within scope
• Set assessment objectives linked to strategic and operational decisions
• RACI matrices assign accountability for evidence, ratings and approvals
• Plan stakeholder engagement across business, control and assurance functions
• Evidence inventories cover policies, incidents, data and audit findings
• Document assumptions, limitations and escalation routes before fieldwork

Participants can map obligations and create a usable ethics and compliance risk taxonomy.

• Obligation registers connect laws, regulations, contracts and internal policies
• Anti-bribery obligations mapped to public and private business interactions
• Sanctions, export controls and anti-money laundering risks classified
• Competition, procurement and consumer conduct obligations captured systematically
• Data protection, records management and confidentiality risks incorporated
• Risk taxonomy distinguishes enterprise categories from assessable risk events

Participants can identify business activities, relationships and decisions that create compliance exposure.

• Value-chain mapping identifies risk points from sourcing through payment
• Geographic risk indicators include corruption, sanctions and enforcement exposure
• Transaction analysis highlights high-value, urgent and unusual payment patterns
• Government interaction mapping identifies permits, inspections and public procurement
• Incentive structures examined for sales pressure and misconduct drivers
• Change events assessed for mergers, market entry and restructuring risks

Participants can identify specific compliance risks using multiple evidence-based methods.

• Risk workshops generate misconduct scenarios using structured prompt questions
• Document review tests policies, procedures, prior assessments and investigations
• Incident analysis identifies recurring root causes and weak controls
• Interviews capture process variation, workarounds and undocumented practices
• Data-led risk identification uses exceptions, trends and outlier patterns
• Bow-tie analysis links causes, preventive controls and consequences

Participants can write clear, assessable risk statements that describe plausible misconduct events.

• Risk statements specify actor, event, cause and consequence
• Separate risk causes from events, impacts and control responses
• Bribery scenarios address agents, facilitation payments and procurement influence
• Conflict-of-interest scenarios cover hiring, supplier selection and approvals
• Sanctions scenarios identify restricted parties, destinations and end uses
• Fraud scenarios connect override opportunities with financial reporting pressures

Participants can assess inherent compliance risk before considering existing controls.

• Inherent risk assessed before controls using defined rating criteria
• Likelihood scales reflect frequency, opportunity and exposure indicators
• Impact scales address legal, financial, operational and reputational consequences
• Risk matrices calibrated to avoid false precision and rating inflation
• Scenario-based scoring records assumptions and supporting evidence clearly
• Heat maps communicate risk concentration without replacing detailed analysis

Participants can map preventive and detective controls against identified compliance risks.

• Control objectives define the intended prevention or detection result
• Map policies, approvals, screenings and monitoring to risk scenarios
• Preventive, detective and corrective controls classified by control purpose
• Manual and automated controls assessed for dependencies and failure points
• Segregation-of-duties controls reviewed for approval and payment conflicts
• Control owners, frequencies and evidence requirements documented consistently

Participants can evaluate whether controls are suitably designed and operating as intended.

• Design effectiveness tests whether controls address stated risk causes
• Operating effectiveness examines performance evidence over defined periods
• Walkthroughs trace transactions from initiation through approval and recording
• Sampling approaches select evidence using risk-based population criteria
• Control exceptions classified by severity, recurrence and root cause
• Compensating controls evaluated where primary controls fail or cannot operate

Participants can determine residual risk and document justified risk acceptance decisions.

• Residual risk ratings reflect control design and operating effectiveness
• Compare residual exposure against approved risk appetite and tolerances
• Risk acceptance criteria distinguish temporary exceptions from approved exposure
• Document rating rationale, dissenting views and management challenge
• Escalate unacceptable residual risks through defined governance channels
• Reassess ratings when incidents, controls or external conditions change

Participants can assess compliance risks arising from suppliers, agents, distributors and partners.

• Third-party segmentation uses service, geography, payment and government-contact criteria
• Due diligence tiers align screening depth with inherent risk
• Beneficial ownership checks identify concealed interests and restricted parties
• Contract clauses address audit rights, conduct standards and termination
• Ongoing monitoring tests changes in ownership, conduct and payment behaviour
• Red flags assessed for agents, consultants and channel partners

Participants can define practical data tests and indicators for compliance risk monitoring.

• Key risk indicators linked directly to specific misconduct scenarios
• Payments analytics identifies round sums, split invoices and unusual timing
• Exception reports compare approvals against delegated authority thresholds
• Trend analysis detects rising incidents, hotline reports and control failures
• Data quality checks test completeness, accuracy and appropriate access
• Indicator thresholds trigger review, escalation and documented management action

Participants can gather reliable assessment evidence through structured engagement and challenge.

• Interview protocols use open questions, probes and corroboration techniques
• Stakeholder workshops separate fact gathering from rating decisions
• Challenge questions test unsupported claims about control operation
• Evidence reliability assessed by source independence, currency and completeness
• Confidentiality safeguards protect sensitive allegations and personal information
• Meeting records distinguish observed facts, opinions and agreed actions

Participants can use incident and reporting data responsibly within compliance risk assessments.

• Case data identifies patterns without prejudging individual allegations
• Speak-up trends analysed by location, issue type and closure outcome
• Root-cause analysis distinguishes individual misconduct from system weaknesses
• Investigation findings translated into risk scenarios and control improvements
• Retaliation indicators considered within culture and reporting-risk assessments
• Privilege, confidentiality and data-protection limits applied to case materials

Participants can develop prioritised treatment plans for unacceptable compliance risks and control gaps.

• Risk treatment options include avoid, reduce, transfer and accept
• Remediation plans specify actions, owners, milestones and completion evidence
• Prioritise actions using residual risk, urgency and implementation feasibility
• Training interventions targeted to roles, scenarios and observed weaknesses
• Policy revisions linked to process changes and control ownership
• Issue tracking validates remediation closure through independent evidence

Participants can establish ongoing monitoring and refresh arrangements for compliance risk assessments.

• Monitoring plans connect key risk indicators with control testing
• First-line checks distinguish operational supervision from independent assurance
• Second-line compliance reviews test programme implementation and risk responses
• Internal audit assurance considers design, operation and governance effectiveness
• Trigger-based reassessments follow incidents, acquisitions and regulatory change
• Assessment calendars coordinate compliance, enterprise risk and audit cycles

Participants can communicate assessment findings, decisions and priorities to senior stakeholders.

• Executive summaries state material exposures, decisions and required actions
• Board reports present residual risks, trends and overdue remediation
• Risk dashboards distinguish leading indicators from lagging incident measures
• Visualisations use heat maps, action trackers and risk profiles
• Management papers explain rating changes with concise supporting evidence
• Reporting cadence aligns escalation thresholds with governance committee schedules

Participants can review assessment quality and identify practical improvements to the assessment process.

• Quality reviews test scope, evidence, ratings and documented rationale
• Calibration sessions improve consistency across assessors and business units
• Maturity criteria assess governance, methodology, data and assurance
• Independent challenge addresses optimism bias and management influence
• Version control preserves assessment history, approvals and rating changes
• Lessons learned update taxonomies, tools and stakeholder guidance

Participants can build, review and present a complete ethics and compliance risk assessment with prioritised treatment actions.

• Define assessment scope, governance, material obligations and evidence sources
• Build risk scenarios from business exposures, incidents and stakeholder inputs
• Score inherent and residual risks using documented rating criteria
• Map controls, evaluate effectiveness and identify material control gaps
• Prepare treatment actions, indicators, owners and escalation arrangements
• Present findings, challenge questions and decisions to a review panel