What is GRC and why is it important? GRC – shorthand for governance, risk, and compliance — is an umbrella term for the processes and practices that organizations implement to meet business objectives through: Monitoring and mitigating risks Tracking regulatory change and verifying compliance Aligning policies and processes to organizational goals (more…)
What's the difference between internal and external audit? While the internal and external audit functions are complementary and may need to work closely together, their purposes and areas of focus differ. The Institute of Internal Auditors (IIA) emphasizes that the two functions do not compete or conflict; rather, they both contribute to effective governance. Internal auditors take a holistic view of their organization’s governance, risk, and control systems (in other words, primarily non-financial information),…
Check out Quantivate’s most recent resources — You’ll find industry insights and learning resources for your governance, risk, and compliance (GRC) program, covering topics including compliance management and vendor risk: Cracking the Compliance Code In this guide to compliance technology, explore results from a multi-industry survey that asked chief compliance officers about their compliance practices and challenges. Plus, get insights on the benefits of automating and integrating compliance management. Download the guide → [fruitful_sep…
Mark your calendars for these upcoming risk and compliance management conferences and seminars. Make sure to stop by Quantivate’s booth and say hello! (more…)
Survey Says Compliance Technology a “Necessary Investment,” But Underutilized As organizations navigate a complex regulatory landscape, an effective compliance program is a must for keeping up with regulatory change and meeting compliance requirements. However, many organizations lag behind in leveraging compliance technology to meet those goals. A compliance report conducted by KPMG surveyed chief compliance officers (CCOs) across multiple industries to benchmark compliance activities. The research found technology and data analytics…