Explain why risk assessment comes before control design and monitoring intensity.
Risk assessment decides where the program gets heavy and where it stays light. A regulator can live with differences in control design if the differences follow a rational risk logic. They worry when every process gets the same treatment regardless of exposure, because that usually means the company is governing by template instead of by risk. Risk inputs are not abstract. Look for money movement, personal data, government touchpoints, third-party discretion, manual overrides, time-sensitive filings, and repeat findings. Those inputs tell you where policy detail, approval structure, monitoring frequency, and training time should rise. This is also what makes audit…
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