Reciprocity

AUGUST 24, 2022

Organizations typically bought insurance to avoid the losses these risks could cause, thus “transferring” the risk to the insurance company. 2002-2007): Financial reporting, Sarbanes-Oxley Act (SOX) compliance, and their related IT controls. Rasmussen sees the GRC development timeline as follows: GRC 1.0

Risk Management 52

Risk Management Audit Insurance Insurance 52

BMC

DECEMBER 23, 2024

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.

Government 52

Government Audit Technology Outsourcing 52

BMC

DECEMBER 23, 2024

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.

Government 52

Government Audit Technology Outsourcing 52

BMC

DECEMBER 5, 2024

Development of the AS 8015: Australian Standard for Corporate Governance of Information and Communication Technology and the ISO/IEC 38500 in January 2005 and January 2007 respectively upped the degree of awareness of the need for reliable information and communication technology (ICT) governance components.

Audit 52

Audit Government Technology Security 52

BMC

DECEMBER 5, 2024

Development of the AS 8015: Australian Standard for Corporate Governance of Information and Communication Technology and the ISO/IEC 38500 in January 2005 and January 2007 respectively upped the degree of awareness of the need for reliable information and communication technology (ICT) governance components.

Audit 52

Audit Government Technology Security 52