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Austin, Texas-based Compliance Spectrum, a relative newcomer to the financial reporting arena, has added a risk component and real-time reporting functions to its Spectra automated compliance on-demand solution. The new risk assessment and analysis capabilities give finance executives, auditors and compliance officers a tool to identify, assess and manage the most critical risks and estimate the costs of mitigating those risks, explains Colleen Murphy, Compliance Spectrum vice president of development. “These advanced risk management and reporting features allow customers to integrate risk management into their compliance and governance lifecycle programs,” Murphy says.

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