ST0757DOTOFAC

ST0757

The organization has developed a methodology to identify, analyze, and address the particular risks it identifies. As appropriate, the risk assessment will be updated to account for the conduct and root causes of any apparent violations or systemic deficiencies identified by the organization during…

Plain-language summary

What it actually means.

to be determined

Plain-language summary forthcoming. Source text below.

Source text

As written.

The organization has developed a methodology to identify, analyze, and address the particular risks it identifies. As appropriate, the risk assessment will be updated to account for the conduct and root causes of any apparent violations or systemic deficiencies identified by the organization during the routine course of business, for example, through a testing or audit function.

Assessed by HEXDI

What HEXDI assesses.

  • M11

    1 — AUDITS AND ASSESSMENTS

    Audit guide requires comparison of audit results to prior audit results to identify any repeated deficiencies.

  • M11

    2 — AUDITS AND ASSESSMENTS

    Audit guide requires verification that prior audit corrective actions/recommendations were completed.

  • M11

    2 — AUDITS AND ASSESSMENTS

    Audit guide requires a written report on program deficiencies, areas for improvement, and recommended corrective actions identified in the…

  • M11

    1 — AUDITS AND ASSESSMENTS

    Program has procedures for investigating the underlying root causes giving rise to program deficiencies and other internal control problems…

  • M11

    5 — AUDITS AND ASSESSMENTS

    Program requires review of audit results by Export/Import Compliance Council (or equivalent) to determine appropriate corrective actions,…

  • M11

    7 — AUDITS AND ASSESSMENTS

    Program has procedures for developing, tracking and ensuring timely completion of corrective actions within established time frames.

Source & revisions

First mapped
Jun 8, 2022
Last updated
May 26, 2026 (29m ago)
Source
Framework for OFAC Compliance Commitments