Business Standard

Governance, risk management and compliance

Strength and resilience of an organisation depend on its ability to integrate governance, risk management and compliance

Asish K Bhattacharyya 

GRC is the acronym for governance, risk management and compliance. However, in the context of governance and assurance services, particularly internal audit, GRC connotes a broader sense.

Firms establish assurance services for improving their chance of achieving their purpose and objectives. GRC is defined as the 'integrated collection of capabilities' that provides reasonable assurance that the entity would achieve its objectives while acting responsibly. The GRC principle is that governance and assurance services should be integrated to enhance efficiency and effectiveness and to ...

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  • This product is a monthly auto renewal product.
  • Cancellation Policy: You can cancel any time in the future without assigning any reasons, but 48 hours prior to your card being charged for renewal. We do not offer any refunds.
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First Published: Sun, March 13 2016. 21:23 IST
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