Admidst concerns about "regulatory risk," the GRC leaders must ask how to best help other business staff and line leaders successfully manage regulators, to minimize cost and improve compliance. One internal audience is the finance function. This article, from the Association of Finance Professionals, provides GRC leaders with a window on their finance colleagues.
New article from CIO Insight, discusses the shift from IT-centric metrics to business-centric metrics, matching measures to the business-IT portfolio, capturing all costs and benefits, and improving consistency. An opportunity for GRC leaders to cross the silos, bringing together CIOs and CFOs to improve business performance.
Do you have the right level of OCEG membership to meet your needs? I usually describe it this way - if you want to educate yourself, share in a community of practice, gain access to lots of resources, be able to participate in group discussions and get CPE credit for attending free webinars - then premium individual membership ($249 annually) may be enough for you.
Join OCEG for this free webinar!
The survey I ran at the end of 2010 had some interesting results. You can see the report, with my summary and comments, here.
Overall, there was an encouraging level of support for the OCEG definition of GRC and the perception that their business-oriented view of GRC has value.
One internal auditing topic that has been of great interest to me over the years is that of continuous auditing. I believe that the technique offers a great opportunity for internal auditing to move to the next level of service and value to its stakeholders – providing them with the assurance they need, when they need it.
The Aberdeen Group recently published a new report on this topic. You can access it here.
The World Economic Forum released a report on global risks to watch in 2011. You can find it here.
I believe this is a helpful list of risks affecting the global economy – for organizations to reflect on how these issues might affect them. I would not recommend it for any other purpose.
In preparation for an ERM conference in Miami next year, I was recently interviewed and asked a number of questions. Here are the questions and my answers. Do you agree?