GRC Policy and Compliance Management
GRC Policy and Compliance Management
Centralized process for creating and managing policies, standards, and internal control procedures
Policy and Compliance Management is a centralized process for creating and managing policies, standards, and internal control procedures that are cross-mapped to external regulations and best practices for your business. It should include a structured workflow for the identification, assessment, and continuous monitoring of control activities
Policy and Compliance Management Activities Include:
- Establish controls and controls owners
- Define control tests and expected results
- Establish test and control frequencies
- Identify risks: impact and likelihood
- Prepare attestations
- Map authoritative sources to policies, procedures, controls, and risks
A key function of good governance involves the establishment of a strong organizational structure and provided data transparency to your key stakeholders across all levels of management including Board of directors, IT steering committee, and Audit committee.
GRC Compliance Framework
The GRC Compliance framework is a structured approach to aligning your business objectives with IT while effectively meeting compliance demands and managing risks. Building the right one for your business is important.
