How was GRC doing in 2007 and what are future trends in 2008 and beyond? A recent report by John Hagerty from AMR said it all:
- Top areas of GRC addressed in 2007
Code of conduct – training requirement, document/record retention, financial reporting – SOX
- Largest GRC investment by initiative
SOX is still the top priority in terms of investment.
- SOX spending since 2003
Total of spending 32.3 B with estimated 6.0B for 2007, 6.2 B estimated for 2008. Among 32 B, total consulting 23.7B and technology 8.6B.
- Top benefits for GRC
Streamline the business process is the highest ranked, and visibility to operations is coming to picture.
- Other emerging trends
Sustainability and Corporate Social Reponsibility; security & privacy, record retention, IT control…
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