Most GRC functions were built a decade ago in response to SOX or a single risk event. The world has changed. The function often hasn't. In this episode, Embark's Adam Olsen is joined by Managing Director Allison Bradshaw to break down what it actually takes to modernize governance, risk, and compliance for the environment organizations are operating in today.
In this episode:
- Why siloed GRC functions create blind spots, audit fatigue, and hidden costs that far exceed what shows up on a budget line
- What an integrated GRC model looks like in practice: common risk taxonomy, shared technology, and coordinated activities across all three lines of defense
- How to make the business case for modernization, including the 20 to 30 percent cost reduction organizations typically see when duplication is eliminated
- Technology enablement beyond the platform: continuous controls monitoring, workflow automation, and real-time integration with your ERP and source systems
- How modern GRC transforms SOX from a seasonal sprint into a year-round process, with a real-world example of an $800K compliance budget getting restructured
- Where AI fits into GRC today: risk identification, anomaly detection, and compliance monitoring, plus the governance frameworks organizations need to manage AI as a risk in its own right
- What a risk-intelligent culture actually looks like, and why most GRC transformations fail on culture long before they fail on technology
- How to start without boiling the ocean: practical guidance on sequencing a GRC modernization roadmap
To connect with Allison or learn more about Embark's GRC maturity assessment, visit embarkwithus.com.
What is Accounting Matters?
Accounting Matters lives up to its title, covering vital accounting topics that actually matter to professionals in the accounting trenches. We start with a new topic and definition every episode, then highlight and discuss the key areas, from evaluation to reporting. Accounting Matters is hosted by public accounting veterans Adam Olsen & Nicole Harger from advisory firm Embark.
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