This EIU study examines how companies can use governance, risk and compliance policies to adapt to emerging risks.
Key findings include:
- When asked about problems with financial processes, executives still focus on costs.
- However, risk- and compliance-related concerns are also prominent.
- Many executives say that GRC initiatives reduce the number of poor decisions.
- GRC investments have a significant impact on control errors.
- Audit costs were the most resistant to improvement.