Introduction As a business professional, staying informed about the evolving landscape of governance, risk management, and compliance is crucial. According to WorldMetrics.org, the global Governance, Risk and Compliance (GRC) Software market is not just growing; it’s poised to surge to
Introduction ISO 31000 and ISO 22301 are international standards closely related to risk management. However, they have different objectives and focuses within your organisation. In the most basic sense, ISO 31000 is a risk management standard that provides a framework
In today’s rapidly evolving business environment, the demand for robust governance, risk management, and compliance (GRC) practices has never been higher. Being able to automate GRC & audit tasks can remove the issues of cumbersome manual processes that consume valuable time and
The Statement of Applicability (SoA) in ISO 27001 outlines controls to manage information security risks. It’s a roadmap showing ISO 27001 compliance in an organisation’s unique context. The SoA details the scope, controls, implementation status, and exclusions justification for transparency
Spreadsheets were the tried and trusted method for GRC and Audit Management for years – but in 2024, should spreadsheets still be used for such an essential aspect of your business? The Argument For Using Spreadsheets Some argue that spreadsheets
In the intricate decision-making landscape, the idiosyncratic nature of risk assessment often introduces a challenging dimension to strategic planning. Risk subjectivity, the inherent tendency for individuals or teams to interpret and evaluate risks with varying perspectives, stands as a silent
AI and Risk Management In the realm of risk management, AI (Artificial Intelligence) integration stands out as a noteworthy development that plays a pivotal role in ensuring the stability and success of organisations across industries in today’s business landscape. AI
What do they mean, and what is the connection? ESG – Environment, Social and Governance GRC – Governance, Risk Management and Compliance. ESG Environment: involves more than just climate change; it also includes how the business deals with carbon emissions and
The History of Web-based GRC Solutions Do you know when the first web-based, collaborative Governance, Risk & Compliance (GRC) solution was launched? The answer is 2002. We know that because Symbiant developed it. Our Symbiant Risk Suite had risk registers,
Introduction “GRC stands for Governance, Risk, and Compliance and is a concept that was originated by the Open Compliance and Ethics Group (OCEG) in 2002.” [1] In today’s rapidly changing business environment, organisations face many challenges, such as increasingly complex regulatory
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