Standardize your process
Through a comprehensive mergers and acquisitions risk assessment, have a standardized process for determining the impact, likelihood and assurance of your controls. This makes it easier to engage front line employees and gain insight to build out your mitigations following the assessment. Maintaining a global scoring criteria on the risks helps you take a root cause approach and fosters consistency across your organization.
Proactively identify risks
Proactively identify any new regulations or compliance needs that may become applicable if you move forward with merging with that company. From there, mitigate those risks to get ahead of them. You’ll also be equipped to identify other areas that need to be improved based on the inherent and residual risk scores found in your assessment.