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export declarations are being rejected due to improper product classifi- cations for customs. Maintaining a safe working enviro ...

Where should we produce?................................................................. Three possible plants could produce th ...

Considering Romania China is clearly not the best choice, and the U.S. plant is both costly and over- booked by comparison, so t ...

The idea for creating SAP GRC Risk Management was born, to give SAP the ability to identify and manage their own risks within th ...

Leverage all the information, everywhere:SAP GRC Risk Management taps into the vast data stores of the systems in your SAP land ...

66 Part I: Governance, Risk, and Compliance Demystified ...

Chapter 3 Chapter 3: Governance: GRC in Action.......................................................................... In This ...

because they know what the risks to the company are and have identified how to comply with various laws and regulations. Meanwhi ...

risk and compliance in a way that helps drive it toward meeting its goals and objectives, while also remaining alert to opportun ...

Greater agility:In addition, as a company adapts and alters its business model to reflect changes in the market or evolved goal ...

It is also important to note that if your company operates in more than one country or in subdivisions with distinct sets of reg ...

employees (wisdom can flow downhill too). At each level, VPs, managers, and employees are responsible for the individual roles t ...

Chapter 3: Governance: GRC in Action 73 Roles of the board and audit committee With the explicit declaration in SOX that corpo- ...

After the CEO examines governance issues with the board, the CFO and COO are brought into the process. Risks (including complian ...

so on — for enforcement trends that could help the company focus its efforts and highlight new risk scenarios. For example: Res ...

analysis of how they interact with their partners and third-party organi- zations and for any scenarios that could possibly plac ...

So, if you feel that your risk management efforts follow the model outlined in Chapter 2, it is likely that risks are being iden ...

Perhaps, though, the best way to test for the effectiveness of the company’s governance efforts is if every employee at any leve ...

Avoiding GRC silos ............................................................................... For most companies, complianc ...

governance framework around it was left with the auditors — the company likely retained very little of this “how to” knowledge. ...