Governance, Risk and Compliance (GRC)
The interdependence between governance, enterprise risk management and corporate compliance (GRC) makes this a focal strategy for all organizations. The Open Compliance and Ethics Group (OCEG) defines GRC as a system of people, processes, and technology that enables an organization to:
- Understand and prioritize stakeholder expectations.
- Set business objectives that are congruent with values and risks.
- Achieve objectives while optimizing risk profile and protecting value.
- Operate within legal, contractual, internal, social, and ethical boundaries.
- Provide relevant, reliable, and timely information to appropriate stakeholders.
- Enable the measurement of the performance and effectiveness of the system.
OCEG, GRC Capability Model, Red Book, 2.0
A GRC audit measures the capabilities and adequacies of your current internal controls, processes, and risk management systems. An audit will reduce costs, and operational inefficiencies, while increasing the effectiveness of internal controls that monitor variances and prevent surprises that could cause financial or legal harm. Therefore, improving your GRC strategy can result in significant financial value. In addition, PeopleSec’s experienced professionals will work diligently and in accordance with your strategic goals.
One of the biggest challenges facing companies trying to maintain compliance is gaining confidence in their IT systems currently in place. The importance of knowing IT systems are able to fulfill tasks involved in compliance and risk management cannot be overstated. The gap, between what the IT systems are able to do, and what management expects these systems to do, can be difficult to bridge. Often times this gap exists because of the inherent problems with managing massive amounts of data. Sometimes the problems occur because of the difficulty in hiring and retaining qualified professionals that can help navigate the often difficult journey to completion.
PeopleSec’s professional team will help guide you and your company to having significantly more confidence in your IT systems. Furthermore, their place in the Risk and Compliance frameworks. This is a complete solution that lets your company focus on what it does best – not the risks that threaten to take you off course.