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After OCEG (originally Open Compliance and Ethics Group) GRC is the integrated set of skills that enables an organization to confidently achieve goals, manage uncertainty, and act with integrity.

GRC by definition encompasses the work of departments such as internal audit, compliance, risk, legal, finance, IT, human resources, as well as the business units, senior management and the board of directors itself. risk assessment has always existed, as has corporate governance and the pursuit of compliance. However, the approach of bringing all these aspects together with IT support, interlocking them and automating them as much as possible based on standardization is relatively new.