IIA-Australia Factsheet - The relationship between Assurance and GORC in plain English
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Author | IIA-Australia |
Date | 2022 |
Topics Explored | Compliance / Governance |
Format | Factsheet |
Extract/Description | GORC is a shorthand for the discipline inherent in establishing formal compliance management processes in an organisation. These formal processes are an important part of the assurance that a board of directors needs from its organisation. |
Key Points | In simple terms, ‘good’ and effective GORC provides stakeholders with assurance that all of an organisation’s obligations are being met. |
Relevant Industries | All |
Level of Assumed Knowledge | Beginner |