How To Apply A Risk Based Approach

Welcome the my ninth "How To" video in the 2022 series, and today I'll be taking you through "How To Apply A Risk Based Approach."

A Risk Based is a method of prioritising focus and resources for the purposes of managing risk and implementing controls based on the level of risk posed by a product, area, jurisdiction or product. The expectation is that businesses assess their own risk and determine the appropriate controls to manage the risks based on the severity of the potential harm or loss.

If you have any additional insights or helpful thoughts on applying a risk based approach, I look forward to you sharing them in the comments.

If you would like to learn more about compliance and the risk based approach sign up for my fully virtual Compliance Practices Workshop coming up on 27 September 2022. Visit our website for more information on how the register.
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