IGHTS The Governance, Risk and Compliance Triangle

According to 2016 OCEG GRC Technology Strategy Survey, 70% of organizations state that they have a strategy going forward for Governance, Risk, and Compliance (GRC) integration. Organizations are increasingly recognizing the importance of a federated GRC discipline that collaborates and synchronizes information and activities between the audit, risk and compliance functions, as it enables them to make faster and informed business decisions.

This article reveals practical tips on how organizations can design a successful integrated GRC framework that encompasses well-defined policies, demarcated roles for each group in GRC, a central repository to consolidate GRC data, and common risk and control taxonomies.

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