First Reference Talks

Discussions on Human Resources, Employment Law, Payroll and Internal Controls

risk management

By | 4 Minutes Read

8 essential components of compliance risk management

There are at least 8 essential components of compliance risk management programs. Risk management aims to reduce the likelihood that an organization will not achieve its goals and objectives. Compliance is the obligation to adhere to laws, regulations, contract terms, internal policies, and other requirements. Compliance risk management refers to the organizational procedures, processes and culture that reduce the likelihood of non-compliance.

By | 2 Minutes Read

Let’s talk about assumptions and risk

When we make a decision, we normally make a number of assumptions about what we expect to happen. My view of risk management, or should I say risk management that adds value and helps an organization succeed rather than just avoid failure, is all about what might happen.

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Established in 1995, First Reference Inc. (known as La Référence in Quebec) provides Canadian organizations of any size with practical and authoritative resources to help ensure compliance.

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