Imagining Audit Tech With Ai
As an experienced professional who has worked with pharmaceutical, medical device, financial service, government, retail and hedge fund organizations, it did not take me many years to realize that audits and assessments were largely manual, tedious and intensive activities. In the past, some of the biggest names used sophisticated and custom governance, risk and compliance tools such as ServiceNow and RSA Archer for auditing, compliance management and risk assessments. However, the overall effort or cost to perform and carry out audits remained the same or even increased in some of these cases.
What had been introduced was a semidigitalization of effort and data. For example, ServiceNow has a vendor management module with an interesting feature that conducts supplier assessments, but the number of hours that it took to complete one vendor assessment was hardly reduced before and after the installation of the GRC software. Moreover, the tool stored information and data from the previous couple of years, but that data was not being used to generate insights into vendor assessments or internal audits.
Editors note: For further insights on this topic, read Shini Menons recent Journal article, How Can AI Drive Audits? , ISACA Journal, volume 4, 2021.
Don’t forgetMembers can from ISACA Journal quizzes!
Navigating Chaos: Governance In A Disrupted World
Category: IT Governance, Risk and Compliance | Code: G1 | Speakers: Michael Rasmussen | Start Time: 10:30 AM | End Time: 11:45 AM
Todays organizations have to have holistic visibility and 360° contextual awareness of governance, risk management, and compliance. Gone are the years of simplicity in business operations. Exponential growth and change in risks, regulations, globalization, distributed operations, competitive velocity, technology, and business data encumbers organizations of all sizes. Change in one area has cascading effects that impact the entire business. This interconnectedness demands a 360° contextual awareness of GRC across the business. Keeping business strategy, performance, uncertainty, complexity, and change in sync is a significant challenge for boards and executives, as well as management professionals throughout all levels of the business. Organizations need to see the intricate relationships of objectives, risks, and boundaries of the enterprise.
After completing this session, the participant will be:
- Aware. Learn how to have a finger on the pulse of the business and watch for a change that introduce risk to objectives.
- Aligned. Align performance, risk management and compliance to support and inform business objectives.
- Resilient. Bounce back quickly from changes in context and risks
The event will be from April 4th to April 8th, 2020 at the Hilton Los Angeles, Universal City:
- Pre-conference Workshop
- 2020 Spring Conference
Cmmi Institute Owner Isaca Organizes Governance Risk And Control Grc Virtual Conference 2020 On 17
14th August, 2020
ISACA, the owner organization of CMMI Institute and the IIA are organizing the Governance, Risk, and Control GRC Virtual Conference 2020. DQS is a GRC 2020 Conference Sponsor.
You can also check the following links. They might be of interest to you...
Governance, Risk and Compliance Management is to be achieved through a Governance framework which has to be implemented in the organization at a process level and then institutionalized within the organization using Global Best Practices. On the other hand, the use of Tools and Technology alone cannot create a governance environment. In absence of a Process based Governance Management Framework, the Tools and Technology are orphaned. CMMI Institute Partner DQS has developed a Governance Management Framework called DQS CorpAxis Governance Management Framework DCGMF. To use an apt quote .Governance is too important to be left to people and technology alone Process makes the difference. This sums-up the essence of the situation.
DQS CorpAxis Governance Management Framework DCGMF
DQS has developed the DQS CorpAxis Governance Framework base on Global Standards.
Rajendra is a qualified and certified Lead Appraiser and Instructor for the following :
Rajendra is Lead Assessor for ISO 9001 , ISO 14001 , OHSAS 18001 since 1994
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Governance Risk And Control Conference To Focus On Embracing Change Disruption As Opportunities For Innovation
Fort Lauderdale, FL, USA As technology continues to disrupt industries, leaders must learn to manage the associated risks, embrace change, and adjust their business models. This includes alignment of governance and risk management the focus of the 2019 Governance, Risk and Control Conference, jointly presented by ISACA and The Institute of Internal Auditors .
The conference, scheduled for 12-14 August 2019 at the Diplomat Beach Resort in Fort Lauderdale, is expected to bring together more than 700 governance, risk, and control professionals from more than 25 countries to discuss challenges, forge solutions, and define the future of GRC globally. Cyber risks and digital disruption, as well as their impact on corporate culture, will be key themes throughout the sessions and workshops.
Opening the conference as keynote speaker will be Simon T. Bailey, a business breakthrough strategist who will provide insight on change, leadership, and customer experience as part of Shift Your Brilliance Leading Amidst Change and Uncertainty. Bailey believes that change is an invitation to disrupt what is comfortable and convenient, to embrace what needs to emerge to remain relevant, innovative, and competitive. Everyone views change differently. Its imperative to give people room to express how they think and feel about the change process. Change is a brilliant opportunity to grow.
GRC conference sessions will be grouped into the following four hot-topic tracks:
The Largest Arena In Europe For Governance Risk And Compliance
The result of a fruitful co-operation between The IIA Sweden,Compliance Forum, ISACA and SWERMA, the GRC Conference brings together hundreds of professionals, world-class speakers, senior executives and suppliers within governance, risk and compliance. This is the 7th edition of the event, taking place on:
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Governance Risk And Control Conference Now A Hybrid Experience
Hosted both in Denver and online, this annual event focuses on innovation, leadership in times of disruption
Schaumburg, IL, USA Aligning information technology governance and risk management amid disruption requires enterprise leaders to manage continual change and adjust their business models. The annual Governance, Risk, and Control Conference, jointly presented by ISACA and The Institute of Internal Auditors , will be available for both in-person attendance in Denver, CO, and as an online experience for a global audience. GRC 2021 will unite more than 1,000 governance, risk, and control professionals from dozens of countries to embrace challenges, forge new solutions, and define the future of global GRC. Sessions will be focused on core GRC principles and how they correlate to cybersecurity, data, technology trends, and individual professional development. Rather than traditional tracks, sessions will be tagged with one or more themes to allow attendees to accomplish their educational goals. The topic themes include:
- Career Development
- Technology Trends
Governance Risk And Control Conference To Tackle Cyber Risk Focus On Innovation
Nashville, TN, USA The quickening speed of technological innovation demands a new way of responding to potential risks. How to innovate strategy and focus on where governance and risk management align for enterprise impact will be the focus of the upcoming 2018 Governance, Risk and Control Conference, jointly presented by The Institute of Internal Auditors and .
The conference, scheduled for 13-15 August 2018 at the Omni Hotel in Nashville, is expected to bring together more than 600 governance, risk, and control professionals from more than 40 countries to discuss challenges, forge solutions, and define the future of GRC globally. Cyber risks and digital transformation will be key themes throughout the sessions and workshops.
As organizations adopt new technologies and undergo digital transformation, their governance, risk and compliance capabilities are more critical than ever, said Rob Clyde, CISM, incoming board chair of ISACA and board director for Titus. The investment in their leadership and staff is just as important as the investment in technology. Clyde will keynote a timely presentation on Governance in These Digitally Shifting Times.
GRC conference sessions will be grouped into the following four hot-topic tracks:
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Understanding Cyber Risk Metrics And Reporting
Cyber risk is top of mind for organizations around the world, but effectively addressing that risk and reporting on it to enterprise leaders require a nuanced approach based on organizations risk appetite and strategic aims.
In the Cyber Risk Metrics and Reporting Automation session at the recent 2021 Governance, Risk and Control conference put on by The IIA and ISACA session presenter Priya Mouli emphasized the importance of a strategic and intentional approach to reporting on cyber risk. The stakes are high, said Priya, noting that a recent emphasis on attacking critical infrastructure and supply chains makes addressing cyber risk increasingly important for enterprises today.
Priya said too many organizations still consider technology risk management to be a compliance function when the scope should be wider and designed to further the organizations strategic objectives. That can be tricky, though, given all the variables and stakeholders involved.
We generally want cyber risk thresholds to be in line with the organizations risk appetite, Priya said. As practitioners, we know how challenging it is to translate a high-level qualitative risk appetite statement into quantitative thresholds at the domain area, and risk and metric levels.
- A good mix of qualitative and quantitative data
Editors note:For more cyber risk resources, learn about the CMMI Cybermaturity Platform.
Five Takeaways From The 2018 Governance Risk And Control Conference
Governance, risk and compliance professionals shared ideas and gathered insights on how their roles are evolving in light of enterprises digital transformation efforts, evolving trends in innovation, and growing regulatory and security risks recently at the sold-out 2018 GRC Conference in Nashville, Tennessee, USA.
The conference, organized by The Institute of Internal Auditors and ISACA, took place 13-15 August. Key takeaways from the conference include:
Its time to challenge conventionsKeynote speaker Luke Williams, author, professor of marketing at the NYU Stern School of Business and founder of the W.R. Berkley Innovation Labs, told a packed opening session audience that organizations seldom take the time to question the underlying reasons why existing practices and procedures were put in place, stifling opportunities for innovation.
Williams said enterprises are often paralyzed by possibility with an abundance of incremental ideas for improvement, but tend to lack the unconventional, bold strategy options capable of delivering a major impact. Eventually, he said, organizations that lack a forward-looking openness to change will be overtaken by competitors.
ISACA board Chair and closing day keynote presenter Rob Clyde implored the audience to focus on safeguards to prevent unintentional harm from AI projects and services.
The next GRC Conference will take place 12-14 August 2019 in Fort Lauderdale, Florida.
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Governance Risk And Control Conference Now An Online Experience
Virtual event to focus on innovation, business strategy in times of disruption
LAKE MARY, FLA., USA As technology continues to disrupt industries, leaders must learn to manage the associated risks, embrace change, and adjust their business models. Particularly during the global pandemic, enterprises must accelerate alignment of their information technology governance and risk management. This is the focus of the upcoming 2020 Governance, Risk and Control Conference, jointly presented by The Institute of Internal Auditors and ISACA.The conference, scheduled for 17-19 August 2020 as a virtual event, is expected to bring together more than 400 professionals in business IT roles, including governance, risk, control, information security, audit, cybersecurity and privacy. The annual event draws an international audience from more than 25 countries to discuss challenges, forge solutions, and define the future of GRC globally. Cyber risks and digital disruption, as well as their impact on corporate culture, will be key themes throughout the three-day conference and two additional days of workshops.
The 2020 GRC Conference sessions will be grouped into three comprehensive tracks:
- Governance, Risk, Control, and Compliance
- Cyber, Data and Technology Trends
- Leadership and Career Development
For more information about the GRC Conference, visit the event pages at The IIA or ISACA.
About The Institute of Internal Auditors
Governance Risk And Control Conference
This years conference at the historic Arizona Biltmore one of few hotels worldwide with an architectural imprint by Frank Lloyd Wright in beautiful Phoenix, Ariz., offers new learning and networking opportunities, features exciting speakers, and reveals Where Governance and Risk Management Align for Impact in business and beyond.
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