Governance, Risk and Compliance Services

The changes wrought by the compliance requirements of the Sarbanes-Oxley Act of 2002 (SOX) have by and large been well sorted out by public company filers. Savvy boards and management now look well beyond pure compliance as they consider their ongoing Governance, Risk and Compliance (GRC) efforts and budgets.

Striking the right balance of risk mitigation, enterprise cost and process-level efficiencies is a significant challenge impacted by a myriad of factors such as:

• Information technology
• Applicable laws and regulations
• The organization’s legal structure
• Number of locations – domestic and international
• Number of personnel
• The organization’s overall aversion to risk

Sorting out the organization-specific GRC landscape, developing the organization’s GRC objectives, determining the appropriate path to take to meet those objectives, and prioritizing the efforts of deployed resources is a complex process. Navigating the process and adding maximum value to the organization requires high levels of coordination, clear and consistent communication and reporting protocols that provide for timely decision-making.

Still, many companies – particularly small and midsized companies — face a number of key challenges:

• Limited project management resources
• Lack of deep GRC technical expertise, both financial and IT in nature
• Inadequate technology platforms to promote collaboration
• Difficulty developing a sustainable program that can accommodate the organization’s projected growth

How we can help

At The LBA Group, we believe effective project and risk management disciplines are essential to maximizing enterprise value through a tailored GRC program. Managing risk in key areas of your business shapes the future of your organization and helps you carry out a GRC program in the most efficient and cost effective manner.

Our services range from an initial risk assessment and executive education – when many organizations struggle with a steep learning curve – to ongoing continuous controls monitoring programs.

Each program is tailored to meet the unique needs and objectives of your organization through the implementation of a GRC process that is sustainable over the long-term.

Download a printable PDF of the Governance, Risk and Compliance Services Brochure