GRC
Business & Finance abbreviation · Management & Strategy
| Stands for | Governance, risk and compliance |
|---|---|
| Categories | Business & Finance |
GRC stands for Governance, risk and compliance, a management & strategy abbreviation also used in technology.
Integrated approach that aligns corporate governance, risk management and regulatory compliance so they share data, controls and reporting. The term also names a software category used to manage policies, audits, control testing and risk registers in one system.
Example: Audit findings, policy attestations and vendor risk reviews all live in our GRC platform now.
Usage notes
The term spread in the 2000s, partly in response to the internal-control requirements of the Sarbanes-Oxley Act. GRC is a recognized function in banks and large companies, and job titles such as "GRC analyst" are common in information security.
Related abbreviations
More management & strategy abbreviations
- EOW – End of week
- EOY – End of year
- ERM – Enterprise risk management
- ERP – Enterprise resource planning
- ESG – Environmental, social and governance
- FMEA – Failure mode and effects analysis
- GTM – Go-to-market
- HiPPO – Highest paid person's opinion
- ITT – Invitation to tender
- JV – Joint venture
- KPI – Key performance indicator
- KRA – Key result area