Wildly Effective Compliance Officer Tip of the Week - 36

A great way to get information for your risk assessments and to keep your finger on the pulse of the business is to ask everyone you meet the following question, “What do you think the biggest compliance risk is facing the business?”  You’ll be amazed how quickly people tell you the high-risk areas in their business.  I’ve been astounded with the information I’ve received from people when I’ve asked this question.  By finding out what others think the risks are, you expand your understanding of the business and can better formulate plans for combatting these risks.