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A GRC program can be instituted to focus on any individual area within the enterprise, or a fully integrated GRC is able to work across all areas of the enterprise, using a single framework. A fully integrated GRC uses a single core set of control material, mapped to all of the primary governance factors being monitored.
IBM OpenPages is an integrated governance, risk, and compliance (GRC) platform that enables companies to manage risk and regulatory challenges across the enterprise. The software was developed by American Computer Innovators in 1996.
Legal compliance is the process or procedure to ensure that an organization follows relevant laws, regulations and business rules. [5] The definition of legal compliance, especially in the context of corporate legal departments, has recently been expanded to include understanding and adhering to ethical codes within entire professions, as well.
Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization's operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control and governance processes. [1]
grc: Ancient Greek language and Medieval Greek language; General Revenue Corporation, an American collection agency; Governance, risk management, and compliance;
Third-party management is the process whereby companies monitor and manage interactions with all external parties with which it has a relationship. This may include both contractual and non-contractual parties.
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In September 2002, the MIT OpenCourseWare proof-of-concept pilot site opened to the public, offering 32 courses. In September 2003, MIT OpenCourseWare published its 500th course, including some courses with complete streaming video lectures. By September 2004, 900 MIT courses were available online.