From history presenting compliant
What is SOCRATES FRAMEWORK function?
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The SOCRATES framework is a tool used in compliance and risk management to assess potential risks and develop strategies to mitigate them. It stands for Strategy, Objectives, Controls, Risks, Assurance, Testing, Evaluation, and Strategy refinement. Each component of the framework serves a specific purpose in ensuring that an organization is compliant with regulations and industry standards. By following the SOCRATES framework, businesses can identify potential risks, implement controls, and continuously monitor and evaluate their compliance efforts to ensure ongoing success.
1 answer