Canada - English

Details

  • Service: Advisory, Risk Consulting, Internal Audit, Risk & Compliance Management
  • Type: Business and industry issue, White paper
  • Date: 2/11/2011

Governance, Risk and Compliance: Driving Through Controls Monitoring 

As organizations continue to address the significant effort and cost of managing business risk and achieving and sustaining compliance with a variety of regulations, leaders must consider new ways to reduce costs, strengthen decision-making capabilities, and improve business performance.  A governance, risk and compliance (GRC) strategy can help create business value by reducing costs, identifying operational inefficiencies, rationalizing controls, and enabling identification and management of risks.
Governance, Risk and Compliance: Driving Through Controls Monitoring
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Many have found that a strong GRC discipline can help enable them to integrate silos of inefficient and isolated programs, processes, and systems into effective and efficient enterprise-wide, risk-based internal control structures. To further drive value, organizations are implementing controls monitoring tools that can help them align strategic initiatives with risk management, serve as documentation repositories, and support ongoing GRC monitoring and reporting.

 

Governance, Risk and Compliance: Driving Through Controls Monitoring explores the potential benefits of controls monitoring as a means of improving decision making, reducing costs of control performance and monitoring, and driving greater business value. It identifies the business benefits that can result from transforming the way controls are monitored, and it discusses considerations for implementing a monitoring capability that is fundamental to an organization’s GRC discipline.

 

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