Compliance Assurance Risk Assessment Matrix
The Compliance Assurance Risk Assessment Matrix is an ERCB-developed document, based on a methodology in use in North America for many years. The ERCB uses the assessment process to predetermine the level of risk associated with a noncompliance for each ERCB requirement. Each requirement will have an associated Low Risk or High Risk rating based on four criteria:
- health and safety
- environmental impact
- conservation, and
- stakeholder confidence in the regulatory process.
The Compliance Assurance Risk Assessment Matrix helps to ensure
- a consistent approach to ERCB enforcement
- transparency of process
- a level playing field
- an appropriate enforcement consequence
The ERCB intends to classify all of its requirements as Low or High Risk and make the classifications available to stakeholders on its Web site.
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