Governance, Risk, and Compliance - PKC Management Consulting

Do we need GRC?

Are you aware of the risks and compliances related your industry?

That’s good news!

NO
YES
How do you currently identify and assess risks within your organization?

Great work!

NO
YES
Are there sufficient internal controls in your organisation?

Excellent!

NO
YES
What internal controls and monitoring mechanisms are in place to manage risks and ensure compliance?

Great to have that access!

NO
YES
Have you implemented any governance, risk, and compliance frameworks or practices in your organization?

Great to have that access!

NO
YES

GRC promotes streamlined processes, effective controls, and optimized resource allocation. This leads to improved operational efficiency, reducing wastage and increasing productivity. Managing Governance, Risk, and Compliance remains a multifaceted business obstacle. With the introduction of fresh laws and regulations, these mandates demand boards to uphold higher levels of openness, impartiality, and expertise. The rise in accountability and the risk of legal repercussions necessitate directors to guarantee the strict adherence to corporate governance standards and the implementation of reliable compliance management systems.

In the present landscape, where corporate governance gains heightened attention from regulators, investors, and independent directors, organizations must streamline and optimize their processes and controls. To attain additional assurance on the strength of their systems and risk mitigation measures, leadership teams are increasingly turning to their internal auditors.

Our IA team comprises forward-thinking professionals from diverse industries, enabling us to provide clients with pertinent business insights and the best practices tailored to their specific needs.

Testimonials

"The Internal Audit Assignment carried out by PKC team was in a very Structured manner and the Quality of Service is excellent."

CA Sampathkumar D

CFO, IndianOil LNG Private Limited.

Let’s take control of our future, lets manage risk!

Governance Framework:

This component involves establishing the overall governance structure and defining roles, responsibilities, and decision-making processes within the organization. It includes creating policies, charters, and guidelines to guide business operations.

Risk Management:

This component focuses on identifying, assessing, and managing risks that could impact the organization's objectives. It involves conducting risk assessments, implementing risk mitigation strategies, and establishing risk monitoring and reporting mechanisms.

Compliance Management:

This component deals with ensuring adherence to relevant laws, regulations, industry standards, and internal policies. It includes monitoring compliance requirements, conducting compliance audits, and implementing controls to address compliance gaps.

Business acquisition & sale

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Policy and Procedure Management:

This component involves developing and managing organizational policies, procedures, and guidelines. It includes establishing processes for policy creation, dissemination, and enforcement to ensure consistency and alignment with governance and compliance requirements.

Internal Controls:

This component focuses on designing and implementing internal control mechanisms to safeguard assets, prevent fraud, and ensure accuracy of financial reporting. It includes activities such as segregation of duties, access controls, and regular internal control assessments.

Training and Awareness:

This component involves educating employees about governance, risk, and compliance requirements. It includes providing training on policies, procedures, and best practices, raising awareness about potential risks, and promoting a culture of compliance within the organization.

Reporting and Monitoring:

This component includes establishing reporting mechanisms to track and monitor governance, risk, and compliance activities. It involves regular reporting on key performance indicators, risk metrics, compliance status, and progress in mitigating risks and addressing compliance issues.

Technology and Digital Transformation:

PKC offers services to leverage technology and digital solutions for effective GRC management. This includes implementing GRC software, process automation, data analytics, and digital transformation strategies.