We have seen a great deal of regulatory guidance that has prescribed developing “risk-based” compliance programs.  What is the meaning of risk-based?  And how does your company prove you have a risk-based compliance program?  Risk-based indicates that the company has performed a risk assessment.  Risk assessment is the exercise of identifying specific risks related to…

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What is a practice?  When we review the definition, we see that practice can be a noun (a thing) and a verb (an action).  Practice Noun the actual application or use of an idea, belief, or method, as opposed to theories relating to it. “the principles and practice of teaching” the customary, habitual, or expected…

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