Governance, risk and compliance (GRC)

Recent regulatory enactments have altered the corporate governance landscape. Organizations are held accountable for accuracy and integrity in their business operations, and they must have effective and reliable governance and compliance procedures in place.

Grant Thornton helps companies:

• understand and comply with regulatory requirements
• implement the right corporate governance framework in regard to these regulations
• establish appropriate compliance practices

Our services include:

• Internal audit – Assess your control environment and safeguard business assets and processes, including those that protect data and IT systems.
• Sarbanes-Oxley (SOX) consulting – Comply with the financial disclosure and internal control requirements of the Sarbanes-Oxley Act of 2002 and related Securities and Exchange Commission (SEC) rules.
• Governance and regulatory compliance – Review and assess your regulatory compliance processes, assess the regulatory concerns and recommend the necessary improvements required to successfully satisfy regulatory mandates.
• Anti-money laundering and Foreign Corrupt Practices Act compliance – Ensure you do not become the complicit partners in money laundering or the illegal influence of foreign officials.
• Fraud assessment and controls – Evaluate fraud risk factors at business unit and significant account level; determine if controls exist to mitigate and are effective.
• License and royalty compliance – Determine contractual compliance and assist with dispute resolution.

COSO guidance: An internal compass 

Is your organization under control? A line of defense and potential boon to the bottom line, effective internal control monitoring can protect your firm from risk, save resources and reduce inefficient year-end testing. The Committee of Sponsoring Organization of the Treadway Commission (COSO) and Grant Thornton LLP have released new guidance to help organizations better monitor their internal control systems. What can your organization do now to reap the benefits?

Hear that whistle blowing! Establishing an effective complaint-handling process 

This white paper addresses the SOX requirement that audit committees establish procedures for receiving, documenting, and handling complaints related to accounting and auditing matters. The paper outlines the Model Accounting Complaint-Handling (MACH) Process, a step-by-step approach to establishing a corporate whistleblower program.