Audit and Risk Professionals Say Biggest Challenge is Communicating with Executives

The most widespread challenge facing audit, risk management and compliance professionals is putting their work into a context that speaks to executives. According to the 2014 GRC Technology Pulse Survey, conducted by ACL, the company that is transforming audit and risk, 42 percent of the more than 1,700 finance, audit, risk, and compliance professionals surveyed cited this issue as the largest obstacle they face today. One reason this remains a…

Only 24% of top companies have risk management committees: Grant Thornton

The report finds that 77% of banking and financial services sector companies having a risk-management committee Only 24 of the top 100 Indian companies by market capitalization have formed risk management committees on their boards, according to the Governance Observer report from consulting firm Grant Thornton. While enterprise risk management was not mandatory according to the Companies Act of 1956, in the 2013 law, the board and audit committees have…

Misys Increases Its Dominance in the 2014 Risk Technology Rankings As the Overall Winner in Enterprise-wide Risk Management

Misys Overall winner for market, credit, counterparty, liquidity, aggregation and Basel III and first place in eight other categories Misys, the global leader in financial services software, has been honoured with the overall winner in the enterprise-wide risk management, according to the 2014 Risk Technology Rankings. The first place position underscores the ability of Misys to enable clients to respond to all regulatory compliance and reporting requirements. The company has…

The seven deadly sins that lead to an Oracle audit

Oracle is notorious for its confusing licensing policy. Robert Sheldon presents seven behaviors that can lead to an Oracle audit and costly audit fees. Oracle’s licensing policies are notoriously vague and confusing. One misstep and you can end up owing thousands of dollars in audit fees. Yet Oracle software, with its dazzling array of management packs and pre-installed options, is easy to misuse; so easy in fact that you could…

If anything shouldn’t be taken for granted, it’s Information Security Management

It was one of our usual off-the-record discussions when I spoke with network admin and asked about the regular password change set up on the system. And, the answer included words like “my opinion,” “my experience,”… but, not a single word about policy. “Which policy?” I was asked. Oh, something is, obviously, wrong. So, we started from the beginning. Information Security Management is one of the cornerstones of IT Service…

SureClinical Wins FDA Part 11 and EC Annex 11 Compliance Validation

SureClinical, a global provider of cloud-based content management application software and services for health sciences, announced today that it has successfully completed an independent FDA 21 CFR Part 11 and European Commission Annex 11 compliance audit of its SureClinical® eTMF Cloud eTMF clinical trials content management application. The audit opinion letter is freely available to prospective SureClinical customers at http://www.sureclinical.com/sureclinical-etmf-compliance-2014/ Conducted through a leading independent process auditing organization, SureClinical’s compliance…

North America Enterprise Governance, Risk, and Compliance Market is Expected to Reach $3,972.6 million in 2018

North America Enterprise Governance, Risk, and Compliance Market is Expected to Reach $3,972.6 million in 2018 – New Report by MicroMarket Monitor In today’s technological era, every organization is dependable on the high speed internet and supporting devices. This benefits the organization in various ways. But there is high risk and threat of cyber attacks which can destroy the confidential information and processes of the organization. The Enterprise Governance, Risk…

FixNix GRC suite Live Demo

Greetings from FixNix, Inc. ! FixNix GRC Suite Live demo today @ 4.00pm IST GRC (Governance, Risk Management and Compliance) is a discipline that aims to synchronize information and activity across governance, risk management and compliance in order to create efficiency, enable more effective information sharing and reporting and avoid wasteful overlaps. While interpreted differently in various organizations, GRC typically encompasses activities such as corporate governance, enterprise risk management (ERM) and corporate compliance with applicable laws…

How Risk Management Technology Projects Succeed

CMS Wire’s Norman Marks recent article, “Why Risk Management Technology Projects Fail,” captures a common but limited viewpoint of Risk Management that limits its ability to succeed in any environment, whether supported by software, spreadsheets, or pen & paper. “To be successful, a risk program has to be designed to enable managers to make intelligent, risk-informed decisions every day. The requirements have to include the perspectives of both the risk…

ISACA Brings IT Audit, Security, Risk, Governance Training Week to Las Vegas

The Information Systems Audit and Control Association issued the following news release: ISACA, a nonprofit association of more than 115,000 information systems security, assurance and governance professionals in 180 countries, is bringing its training courses to IT professionals in Las Vegas, Nevada, USA, 2-5 December 2014. This selection of courses addresses information security, governance and risk management, and meets the need for short, yet in-depth and intense, educational opportunities. Attendees…