Governance Risk Compliance

Thu
18
Feb

Integrated Governance Risk and Compliance - Choosing the Right Solution

Integrated Governance Risk and Compliance - Choosing the Right Solution

As everyone knows effective Governance is the key factor of every organizations’ success; whether its small scale industry or mammoth sized corporates. The modern day organizations are facing really complex and ambiguous situations on their day to day Governance process. The problems evolving over a period should be addressed in dynamic way than conventional way. So, the organizations should be ready to face the challenges extended on Governance domain.

I believe, identifying the risk factors will drive the way to success. Compliance and governance will go hand in hand to comply with various regulations enforced by governmental bodies, regulators, internal policies or industry mandates. Compliance is not a onetime activity, the organizations should make it repetitive so they can continue with the regulation at lower cost and ensure mandatory compliance liability.

Fri
29
Jan

Internal Financial Controls Assessment: An overview from IT GRC perspective

Internal Financial Controls Assessment: An overview from IT GRC perspective

Worldwide there has been a growing realization among various government and regulatory authorities to have regulations that ensure strong internal controls are implemented in organizations to protect the interests of various stakeholders, particularly the shareholders.  For instance, in India the new Companies Act, 2013 lays very strong emphasis on Internal Financial Controls (IFC) and holds the board to be directly responsible for overseeing its implementation and enforcement in the organization.

Tue
26
Jan

IT Internal Controls for SOX Audits

IT Internal Controls for SOX Audits

This article provides a brief overview of Information Technology (IT) internal controls, and how management can align the controls to enhance business operations, and regulatory requirements such Sarbanes-Oxley (SOX). The article also contains few practical experience on the areas on which such Audits are focused on i.e. IT general controls across the Application, Database, Operating System and Network/ Infrastructure Layer. Then main difference between an IT Audit and SOX audit is that both are technical IT audit, however, Sarbanes IT audit has a narrowly defined focus driven by Federal Law and is a system level audit concentrated on the reliability and integrity of the hardware, software, and information of the systems. Sarbanes IT audit is typically part of a larger financial audit and responds to the requirements of the larger financial audit

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