Organizations can gain efficiency and reduce compliance costs by taking a more holistic approach to implement an integrated framework for coordinating and monitoring compliance activities.
A holistic compliance approach requires a central compliance management office to identify common regulatory requirements across the regions. The COSO framework can serve as a template for building an integrated framework to comply with regional regulations across major economic zones including the United States' Sarbanes-Oxley, Canada's Bill 198, the United Kingdom's Corporate Governance Code, the European Union's 8th Directive, Japan's Financial Instruments and Exchange Law, and Australia's Corporate Law Economic Reform Program (CLERP).
Oracle GRC Manager can be easily configured for managing different regional compliance activities. This application provides options to create perspectives, select compliance objects such as process, risks, and controls, add user defined attributes, document types...
