which tools are typically used in compliance risk identification and risk analysis?
241856
Some common methods of risk identification are: brainstorming, flowchart method, SWOT analysis, risk questionnaires and risk surveys. When objectives are stated clearly and understood by the participants, a brainstorming session drawing on the creativity of the participants can be used to generate a list of risks.
1022377
['The Product Identifier. Normally placed in the upper left hand corner of the label, and corresponds with Section 1 of the Safety Data Sheet. ... ', 'Signal Word. ... ', 'Hazard Statements. ... ', 'Precautionary Statements. ... ', 'Supplier Information. ... ', 'Pictograms.']
1241661
["Detection of risks involves identifying the threats and vulnerabilities which can affect the organization's assets. ... ", 'Analysis of risk deals with collection and calculation of data regarding risk exposure.']
950016
['Implementing written policies, procedures, and standards of conduct.', 'Designating a compliance officer and compliance committee.', 'Conducting effective training and education.', 'Developing effective lines of communication.', 'Conducting internal monitoring and auditing.']
1280256
['Spreadsheets. Spreadsheets are hands-down the best-known data tool. ... ', 'SQL. ... ', 'Statistical Software. ... ', 'Visualization and Dashboarding. ... ', 'Analytics Tools. ... ', 'Business Intelligence.']
951771
Three steps for risk management: identification, assessment and mitigation (including avoidance).
756572
['Create a risk register. Create a risk register for your project in a spreadsheet. ... ', 'Identify risks. ... ', 'Identify opportunities. ... ', 'Determine likelihood and impact. ... ', 'Determine the response. ... ', 'Estimation. ... ', 'Assign owners. ... ', 'Regularly review risks.']
914904
['Risk identification.', 'Risk measurement and assessment.', 'Risk mitigation.', 'Risk reporting and monitoring.', 'Risk governance.']
265050
Internal control designs the controls for process owners. ... Risk management highlight and challenge the control effectiveness in terms of managing risk overall. A compliance function is responsible to monitor specific risks such as noncompliance with applicable laws and regulations.
444461
Risk management is predicting and managing risks that could hinder the organization from reliably achieving its objectives under uncertainty. Compliance refers to adhering with the mandated boundaries (laws and regulations) and voluntary boundaries (company's policies, procedures, etc.).
481340
['Detection. The fault management tool checks the network and discovers problems that affect performance or data transmission.', "Diagnosis. The tool determines what the problem actually is and where on the network it's located.", 'Alerting. The tool alerts the user to the problem. ... ', 'Resolving.']
110653
['Classification Analysis. This analysis is used to retrieve important and relevant information about data, and metadata. ... ', 'Association Rule Learning. ... ', 'Anomaly or Outlier Detection. ... ', 'Clustering Analysis. ... ', 'Regression Analysis.']
538221
['A. System - test data.', 'Decision table.', 'Data Flow Diagram.', 'Flowcharts.']
1350257
['Rational XDE by IBM.', 'SoniqSync by SoniqCast, LLC. ... ', 'Statistica Matrix Spreadsheet.', 'SysMetrix (Skin) by Nicholas Decker.']
1161784
Cause analysis tools are helpful tools for conducting a root cause analysis for a problem or situation. They include: Fishbone diagram: Identifies many possible causes for an effect or problem and sorts ideas into useful categories.
1075092
['Orientation.', 'Problem Definition.', 'Data Collection.', 'Model Formulation.', 'Model Solution.', 'Validation and Output Analysis.', 'Implementation and Monitoring.']
277201
['Vulnerability Scanning.', 'Security Scanning.', 'Penetration Testing.', 'Risk Assessment.', 'Security Auditing or Security Review.', 'Ethical Hacking.', 'Posture Assessment.']