Company policies are more than just guidelines. They form the very fabric that binds an organization together. They delineate expectations, outline procedures, and ensure every stakeholder is on the same page. However, despite company policies’ pivotal role in the smooth running of a business, oftentimes, these policies remain static, trapped in a time warp of sorts, untouched and unreviewed for extended periods. For example, if ...
In today's business landscape, the path to organizational success is paved with informed decision-making, goal achievement, and adherence to regulatory requirements. Effective risk management is the driving force behind these accomplishments. Join us for an enlightening webinar, "Risk Management Tips for Organizational Success," where we will explore how robust risk management practices can be your organization's greatest ally. Our speakers, Risk Management expert Norman Marks ...
Federal banking agencies are paying close attention to the number of uninsured deposits reported at banks. Regulators remain focused on this issue, especially given some banks’ recent failings from having made too many uninsured bank deposits. Uninsured Deposits Reporting FDIC In a recent industry development, the Federal Deposit Insurance Corporation (FDIC) says some insured depository institutions (IDIs) are not accurately reporting estimated uninsured deposits in their Consolidated Reports of ...
Transforming and optimizing Governance, Risk, and Compliance (GRC) procedures has emerged as a critical imperative for businesses spanning various sectors. In today's rapidly changing digital era, characterized by ever-shifting regulatory environments, cultivating an adaptable and resilient GRC program is imperative for achieving success. An essential element of revitalizing your GRC program involves selecting the appropriate software vendor and making a choice that harmonizes effortlessly with ...
GRC integration is critical to organizational success. In today's rapidly evolving business landscape, organizations face the ongoing challenge of establishing robust governance, managing risks effectively, and ensuring regulatory compliance. GRC tools help organizations manage and align efforts, ensuring adherence to legal, regulatory, and ethical standards while mitigating risks. GRC harmonization and integration are critical to streamlining these efforts and enhancing overall efficiency. For those organizations ...
CPS 230, recently released by the Australia Prudential Regulation Authority (APRA), has gained prominence alongside similar standards aimed to promote operational resilience. Operational resilience refers to an organization's capacity to withstand and adapt to operational disruptions (whether anticipated or unexpected) while ensuring continuity of critical functions. It has emerged as a vital framework for effectively managing risks and safeguarding business continuity despite adversity. Regulators view ...
As new technologies, regulations, and risks emerge and the business landscape becomes increasingly complex, so emerging GRC trends. It is critical GRC professionals remain informed of new requirements that could impact their organizations. Below, we explore three GRC trends worth paying close attention to. Additionally, we also explore how SAI360’s GRC platform helps companies identify risks and manage their GRC needs in light of these emerging ...
Not long ago, telehealth adoption amidst COVID-19 soared--seemingly overnight—and continues to be mainstream. Now, unfortunately, telehealth fraud is, too. The number of data breaches have soared since the beginning of the pandemic. In fact, 2022 was the second-worst year ever regarding the number of reported data breaches—only to be topped by 2021. Increased digital connections and communications in healthcare translates into increased audit and financial risks as ...
In 2023, organizations worldwide will face increased external pressures on multiple fronts. These outside pressures will vary from new ESG requirements and an uncertain business climate to increased costs, supply chain volatility and regulatory change and perhaps, as recent years have shown us, the completely unexpected. SAI360’s 2023 Trends and Predictions for GRC include: 1. Increased focus on ESG Environmental, Social, Governance (ESG) is top ...
As recently as a few years ago, when executives and management teams discussed how to manage governance, risk management, and compliance (GRC), some of the questions were: Excel spreadsheets seem to be working well for the organization, or aren’t they? Should we use spreadsheets to “automate” compliance and risk management projects? Why spend precious budgets on software when much lower-cost solutions are available? Is it ...
