Quotes & Sayings About Risk And Compliance

The law of governance, risk-management, and compliance is the body of rules, regulations, and best practices that, individually and collectively, are intended to ensure that organizations are managed effectively and in such a way as to enhance social welfare. — Geoffrey P. Miller

The mere existence of sanctions is not sufficient to ensure compliance. If no attention is paid to supervision, there is a risk that sectors that resist the requirements will not comply with them or will comply less thoroughly than they should. Regular and thorough supervision enhances compliance. — International Monetary Fund

The test conditions that are chosen will depend on the test strategy or detailed test approach. For example, they might be based on risk, models of the system, likely failures, compliance requirements, expert advice or heuristics. The word 'heuristic' comes from the same Greek root as eureka, which means 'I find'. A heuristic is a way of directing your attention, a common sense rule useful in solving a problem. — Dorothy Graham