Exploring the Contribution of Information Technology to Governance, Risk Management, and Compliance (GRC) Initiatives

Wiesche, Manuel; Schermann, Michael; Krcmar, Helmut (2011): "Exploring the contribution of information technology to Governance, Risk Management, and Compliance (GRC) initiatives." In: Proceedings of the 19th European Conference on Information Systems (ECIS 2011) ICT and Sustainable Service Develop

12 Pages Posted: 23 May 2013

See all articles by Manuel Wiesche

Manuel Wiesche

Technische Universtität München

Michael Schermann

Santa Clara University - Operations and Management Information Systems

Helmut Krcmar

Technische Universität München (TUM)

Date Written: June 1, 2011

Abstract

Information technology (IT) has a tremendous impact on the discipline of accounting by introducing new ways of retrieving and processing information about performance deviations and control effectiveness. This paper explores the role of IT for managing organizational controls by analyzing value drivers for particular accounting information systems that commonly run under the label of Governance, Risk Management, and Compliance (GRC IS). We apply a grounded theory approach to structure the value drivers of GRC IS into a research framework. In order to understand the impact of IT, we relate the GRC IS value drivers to control theories. Practical implications include understanding GRC IS benefits beyond compliance and providing clear strategic reasoning for GRC IS depending on the individual company’s situation. Research implications include the fact that integrating IT into the context of accounting leaves several unsolved yet promising issues in theory which future research might address. This paper is the first to use the lens of organizational control theories on Governance, Risk Management, and Compliance information systems and establishes a potentially fruitful research agenda for GRC IS as a highly relevant topic for information systems research.

Keywords: GRC, governance, risk, compliance, IT-enabled management control systems, organizational control

Suggested Citation

Wiesche, Manuel and Schermann, Michael and Krcmar, Helmut, Exploring the Contribution of Information Technology to Governance, Risk Management, and Compliance (GRC) Initiatives (June 1, 2011). Wiesche, Manuel; Schermann, Michael; Krcmar, Helmut (2011): "Exploring the contribution of information technology to Governance, Risk Management, and Compliance (GRC) initiatives." In: Proceedings of the 19th European Conference on Information Systems (ECIS 2011) ICT and Sustainable Service Develop, Available at SSRN: https://ssrn.com/abstract=2268910

Manuel Wiesche (Contact Author)

Technische Universtität München ( email )

Arcisstrasse 21
Munich, DE 80333
Germany

Michael Schermann

Santa Clara University - Operations and Management Information Systems ( email )

500 El Camino Real
Santa Clara, CA 95053
United States

Helmut Krcmar

Technische Universität München (TUM) ( email )

Arcisstrasse 21
Munich, DE 80333
Germany

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