Creating & Managing a Regulatory Compliance Program
The prevention & detection of fraud, implementation of entity, financial & operational internal controls, segregation of duties, & well defined policies & procedures are the core components of what JMT deems necessary to create & manage an efficient, effective & integrated (GRC) governance, risk & compliance program.
What is GRC?
GRC refers to a company’s strategy for managing the issues of corporate governance, risk management, and corporate compliance and other regulations. GRC is the integrated collection of capabilities that enable an organization to reliably achieve its objectives while addressing uncertainty, and acting with integrity. GRC aims to eliminate silos, redundancies and gaps by synchronizing information and activity across an organization in order to operate more efficiently, enable effective information sharing, more effective reporting and avoid wasteful overlaps
WHY You Need JMT for Your GRC?
Governance, Risk, and Compliance is confusing to understand in each of their individual capacities and when you bring them together as GRC they are even more confusing. GRC isn't just a catchy acronym used by consultants, GRC is the life blood of an organization, It must permeate an organization's oversight, processes, and culture. GRC is about the integrity of an organization: The challenge of developing a quality GRC program is that each individual term, governance, risk, compliance, has varied meanings across an organization. There is corporate governance, IT governance, financial risk, strategic risk, operational risk, IT risk, corporate compliance, Sarbanes-Oxley (SOX) compliance, employment/labor compliance, privacy compliance , the list goes on and on. So let us assist you.