Database Reference
In-Depth Information
Summary
In this chapter, we have introduced the GRC Concepts and explained the breadth of
tools that Oracle has, to address the GRC problems. We have introduced the fictional
company with whom we will be taking the governance, risk, and compliance
journey. We have also introduced the key roles that have a stake in the governance,
risk, and compliance process and explained what that stake is. We have shown the
overall risk management and compliance process at a very high level to see how
the information comes together for the signing officers to certify to the investors in
the enterprise that the risks are managed and the controls are effective. We have
illustrated how a sample process, risk, and control are related to a financial statement
line for a subsidiary within the enterprise and explained how the process can move
from an ad hoc manual process to a repeatable, automated, and optimized solution
over time.
In the next chapter we will introduce the Governance theme with Corporate
Governance. We will take a look at key strategic issues that Infission faces as an
enterprise and also how to craft and communicate the strategic intent of Infission.
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