compliance risk can be defined by the type of threats a compliance program helps to prevent.\n\ntrue\nfalse

compliance risk can be defined by the type of threats a compliance program helps to prevent.\n\ntrue\nfalse
Answer
Brief Explanations:
Compliance risk refers to the legal and financial penalties an organization faces for failing to act in accordance with industry laws and regulations. One common way to define and categorize this risk is by identifying the specific threats (such as fraud, corruption, data privacy breaches, or environmental violations) that a compliance program is designed to mitigate or prevent. By understanding these threats, organizations can better structure their internal controls and oversight.
Answer:
True