3 Ways to Save Money While Improving Your GRC Processes

  • by Francine McKenna, President, McKenna Partners LLC
  • September 15, 2008
See three GRC initiatives your company can use to ensure quick, efficient responses to legal requirements.

It’s increasingly difficult for CIOs to manage strategically while also managing risk. IT has to remain synchronized with business needs but many CIOs and CTOs lack the processes and technology that allow them to respond proactively to new legal and regulatory requirements. A quick, efficient response to legal mandates such as the Health Insurance Portability and Accountability Act of 1996 (HIPAA), Payment Card Industry Data Security Standard (PCI DSS), environmental and corporate social responsibility initiatives, the Foreign Corrupt Practices Act (FCPA), and corporate investigations, including e-discovery requests, is essential.

What are some ways that GRC initiatives can save you money while improving your response to governance and compliance requirements?

Francine McKenna

Francine McKenna, CPA, has more than twenty years of experience in a range of industries in the consulting and professional services environment. Her blog, www.retheauditors.com, comments on the role of the Big 4 audit firms in the global capital markets. She held various positions in accounting and financial management prior to her career in professional services and began her career as an internal auditor at CINB in Chicago. She is president of McKenna Partners LLC and teaches in the School of Computing and Digital Media at DePaul University in Chicago.

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