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What is COBIT? COBIT Explained

BMC

It was first introduced by the Information Systems Audit and Control Association (ISACA) in 1996, and has gone through many rounds of development since. ISACA stands for the Information Systems Audit and Control Association. What is ISACA? What are the benefits of COBIT?

Audit 52
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What Is GRC? Governance, Risk, and Compliance Explained

BMC

The OCEG (formerly known as “Open Compliance and Ethics Group”) states that the term GRC was first referenced as early as 2003, but was mentioned in a peer reviewed paper by their co-founder in 2007. Risk A possible event that could cause harm or loss or make it more difficult to achieve objectives.

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IRM, ERM, and GRC: Is There a Difference?

Reciprocity

2002-2007): Financial reporting, Sarbanes-Oxley Act (SOX) compliance, and their related IT controls. 2007-2012): Audit management, enterprise, and operational risk management, compliance beyond financial controls, and more. Rasmussen sees the GRC development timeline as follows: GRC 1.0 GRC 4.0: (2018-present): Automated GRC.

article thumbnail

What is COBIT? COBIT Explained

BMC

It was first introduced by the Information Systems Audit and Control Association (ISACA) in 1996, and has gone through many rounds of development since. ISACA stands for the Information Systems Audit and Control Association. What is ISACA? What are the benefits of COBIT?

Audit 52
article thumbnail

What Is GRC? Governance, Risk, and Compliance Explained

BMC

The OCEG (formerly known as “Open Compliance and Ethics Group”) states that the term GRC was first referenced as early as 2003, but was mentioned in a peer reviewed paper by their co-founder in 2007. Risk A possible event that could cause harm or loss or make it more difficult to achieve objectives.