What Is Grc and Where Is It Heading? a Briefing Paper
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چکیده
Well established governance, risk and compliance functions have for many years formed a key part of management practice in both the private and public sectors in Australia. A relatively new concept, " GRC " , has emerged, which emphasises on building a closer interrelationship between governance, risk and compliance, and how these functions can be further integrated to increase their effectiveness. The purpose of this Briefing Paper is to examine GRC and to outline its current impact on compliance practices in both the public and private sectors in Australia. It will also sketch where GRC is heading and give an indication of likely future developments.
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