Final answer:
Combining legal, compliance, internal audit, and security functions in a company involves collaborating to ensure effective risk management and regulatory compliance.
Step-by-step explanation:
Combining legal, compliance, internal audit, and security functions in a company involves collaborating to ensure effective risk management and regulatory compliance.
By working together, these functions can share information and expertise, identify potential risks and vulnerabilities, and develop comprehensive strategies to address them.
For example, the legal department can provide guidance on legal and regulatory requirements, while the compliance department can monitor and enforce adherence to these requirements.
Internal audit can assess controls and processes to identify areas for improvement, and the security function can implement measures to protect the company's assets.