Innovation In Compliance With Tom Fox

Your organization’s ecosystem is probably bigger than you think, and a big ecosystem presents bigger risks. Dan Kinsella is the Extended Enterprise Risk Management Leader at Deloitte Risk and Financial Advisory, and today we’re talking about managing these risks across the extended enterprise. The “Extended Enterprise” When we think about our organization, we have to think beyond our four walls: the extended enterprise is everything that we’re connected to in our environment.As businesses, we are leveraging more third parties than we ever have. Our objective is to make our organizations better, cheaper, and faster at driving bottom line improvement, and we can do that by leveraging these third parties in a more consistent and cohesive fashion. Types of extended risksForeign corrupt practices, laws, and regulations around the ability to conduct business globally is one of the top risks that global organizations focus on, and next on the list would be cyber or information technology risks.There are usually a ba