1. Control environment:
The foundation for all other elements, influencing the control consciousness of the people within the organization and encompassing every aspect of how the organization is structured and works.
(Translation: This is the big picture. If your control environment is healthy and is already functioning well, then sowing the seeds of compliance will be straightforward. [...]
Popularity: 9% [?]
1. Increased shareholder value:
A properly functioning and documented governing framework can provide corporate leaders with an increased sense of security as they reflect on the efforts they are making toward managing compliance and risk issues. Governance can also provide reassurance to those outside of the company by demonstrating the organization’s capacity for understanding the need [...]
Popularity: 7% [?]
1. Document the control environment.
What are you doing? What are your processes? Where are the risks?
2. Test: Implement the process and access controls needed to address the risks identified.
3. Remediate: Resolve exceptions found by the controls.
4. Analyze: Use the information gathered to gain a deeper understanding of the business.
5. Optimize: Improve both GRC and business [...]
Popularity: 26% [?]