COSO Principle 15 – Communicates Externally

Technology has greatly expanded not only the methods of communication but also enabled the integration of external parties into more and more critical activities of the organization. A thoughtful approach with effective monitoring can leverage technology to improve operations, predictability and reduce risk, however, leveraging the technology without an effective approach can greatly expand the risks facing the organization.

Continue Reading »

COSO Principle 14 – Communicates Internally

Technology to enable communication of objectives, expectations, roles, policy and procedures is available and essential to the modern organization. Technology to manage execution of internal controls should be viewed more broadly as technology to ensure execution against organizational objectives with effective internal controls as a consequence of execution. Cascading strategic objectives to operational and compliance objectives can be actuated in many available GRC solutions.

Continue Reading »