Four IRM Tips for Conquering the Biggest Accounting Experiment in 100 Years
We must go beyond the traditional Governance, Risk Management, and Compliance (GRC) approach focusing on compliance risk to address these new sustainability risk disclosure requirements. While GRC is a critical component of risk management, focusing solely on it can limit our view of specific regulatory mandates, often missing the "bigger picture" of strategic risk. Integrated Risk Management (IRM), on the other hand, incorporates GRC but goes further. Here are four tips to help companies succeed.
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