Remediation and mitigation are words commonly used interchangeably to describe a wide variety of risk management measures within an organization or project. They are, however, distinct concepts under enterprise risk management (ERM)... Read More
NIST
Regulatory Compliance in Healthcare
Every day, healthcare providers must perform the nerve-racking task of complying with increasing healthcare regulations. According to one report, the healthcare industry spends nearly $39 billion every year on the administrative burdens of regulatory compliance.... Read More
Risk Control Measures That Work
Conducting a regular risk assessment is an integral part of any organization’s overall risk management plan. It’s sometimes even a legal requirement, depending on your industry, contractual obligations, or the number... Read More
Internal Control Practices to Prevent Inventory Loss
In 2020, more than 15 percent of U.S. retailers experienced inventory shrinkage — that is, loss of physical inventory — of 3 percent or more. According to the 2019 National Retail Security... Read More
Clarifying Roles and Responsibilities in GRC Management
Governance, risk management, and compliance (GRC) are crucial activities for any modern organization. Implementing an effective GRC program, however, is easier said than done. The first and most critical step:... Read More