Life Sciences: Crowe Risk Assessment Playbook

Risk assessment is an essential part of developing an effective ethics and compliance program, as it provides a mechanism for making important decisions about where to focus limited human and financial resources. The critical task of assessing risk in a standardized yet meaningful fashion that supports information aggregation and reporting across a global organization can be very demanding, especially when factoring in culture, language differences, and business acumen challenges. Leaders turn to heads of assurance functions – such as ERM, ethics and compliance, internal audit, and others – to better understand issues that would benefit from a regional or global mitigation strategy versus issues that are best handled locally. Crowe can help life sciences organizations identify critical risks facing their businesses and support the design of efficient, effective, and timely mitigation strategies to address those risks.