FGRC: seize the opportunity

FGRC stands for Finance Governance, Risk, and Compliance, and its one of the new strategic initiatives from the Institute of Management Accountants (IMA) that is intended to advance your profession and drive member growth. But what does this four-letter acronym mean for organizations, individual pro...

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Bibliographic Details
Published in:Strategic finance (Montvale, N.J.) N.J.), 2008-05, Vol.89 (11), p.6
Main Author: Pollara, John B
Format: Magazinearticle
Language:English
Subjects:
Compliance
Corporate governance
Enterprise risk management
Financial reporting
Financial services industry
Information services
Laws, regulations and rules
Management
Management accountants
Management accounting
Member services
Performance management
Professionals
Risk
Risk management
Strategic management
Supply chains
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Summary:FGRC stands for Finance Governance, Risk, and Compliance, and its one of the new strategic initiatives from the Institute of Management Accountants (IMA) that is intended to advance your profession and drive member growth. But what does this four-letter acronym mean for organizations, individual professionals, and, perhaps most important, the global profession of management accountancy? An IMA-trademarked term, FGRC is complementary to Governance, Risk, and Compliance (GRC), but its the Finance piece that will pull the other three together to deliver the greatest organizational value for stakeholders. FGRC leverages on IMAs thought leadership, advocacy, and member products over the past three years in SOX, ERM, and internal controls. In fact, it has enabled IMA to have a voice at the table with the US Congress, Securities & Exchange Commission (SEC), Public Company Accounting Oversight Board (PCAOB), Department of the Treasury, US Chamber of Commerce, and Small Business Administration (SBA) on key issues affecting organizations, professionals, and economic development.
ISSN:1524-833X