Tailoring and implementing suitable GRC to reflect the complexity of the operating model and the risks allows organisations to identify the right approaches, strengthen their second-line mechanisms and drive greater efficiency.
As organisations change, it is critical to focus on the effective design and operation of first and second lines of defence, and gain assurance over operational controls. This helps ensure controls are fit for purpose and sustainable with the right blend of people and technology for an often-unpredictable future.
With many organisations required to demonstrate the effectiveness of their internal control environment, whether for Sarbannes-Oxley compliance or as service organisations to their customers (ISAE3402). With the potential for UK SOX to impact UK-listed companies and Public Interest Entities, the need to understand, define and seek assurance over your control environment has never been more important.