Friday, 6 June 2008

Using regulatory compliance as a catalyst for change (3)

When selecting a software solution GRC look at the following characteristics:
Policies, procedures and controls for management
This feature is important for the development, maintenance and communication of policies and procedures for compliance with regulations and standards.

Risk Assessment and Control
This feature is necessary for the collection of information for assessing the adherence to standards.

Risk Analysis
These provide data for executive and management personnel to measure the general state of risk and compliance.

Examinations of management
Centrally to manage the registration of incidents and to facilitate the development and implementation of corrective and preventive actions.

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