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How Do You Develop a Common Risk and Control Language?

Mash Risk Television

Ernst & Young
David Scott, Senior Manager

Runtime: 1:54

Key Takeaways:

  1. Steps to develop a common risk and control language:
    • Take an inventory of all current risk practices and taxonomies.
    • Determine which ones best meet your business needs.
    • Align remaining practices and taxonomies with the ones you’ve determined are best.
  2. Alignment and roll-up are key factors.

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