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Regulators Crack Down on Corporate Governance: Companies Must Adapt to Stay Ahead
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As global organizations face an increasingly complex risk environment, regulators are turning up the heat on corporate governance. In response, companies must adapt and adopt innovative solutions to stay ahead of the curve.
Continuous Auditing and Monitoring: A Key Area of Focus
One key area of focus is continuous auditing (CA) and continuous monitoring (CM), which involve using technology-based applications to monitor processes, systems, and control points within an organization. This approach not only detects errors early but also provides greater visibility into the organization while maintaining top performance.
Software License Auditing: A Growing Concern
The use of unlicensed software is a significant risk for companies, particularly in today’s complex license agreements. To mitigate this risk, organizations must implement effective software asset management processes and controls.
- KPMG Turkey’s experienced team can help companies with software license auditing, including:
- Periodically measuring the effectiveness of software asset management processes and controls
- Understanding and proactively managing software license rights
- Reducing financial risks
Governance, Risk, and Compliance: The Way Forward
In today’s fast-paced business environment, companies must adopt a proactive approach to governance, risk, and compliance. KPMG Turkey offers an integrated framework that combines governance, risk, compliance, and assurance functions to achieve a consistent and holistic approach across the enterprise.
- Our expert team can help companies:
- Draw up a risk management roadmap
- Understand and proactively manage software license rights
- Establish monitoring and follow-up mechanisms for senior management
Digitalization: The Key to Efficiency
To stay competitive in today’s digital landscape, companies must focus on increasing process efficiency and reducing waste. KPMG Turkey offers solutions that include:
- Analyzing current process steps and bottlenecks
- Implementing new integrations and improving process performance through technology
- Reducing time spent on repetitive tasks
Performance Management: A Key to Success
Effective corporate performance management is critical for companies looking to reduce targets to employees and stay ahead of the competition. KPMG Turkey’s Performance Management System helps companies:
- Determine and integrate company, department, and employee goals
- Design reward and bonus systems
- Establish monitoring and follow-up mechanisms
Institutionalization: The Key to Sustainable Growth
In today’s fast-paced business environment, institutionalization is critical for sustainable growth and organizational development. KPMG Turkey offers services that include:
- Evaluating inefficiencies in business processes
- Performing maturity analysis of existing business processes
- Creating a roadmap that includes current and potential development areas, risks, and actions to be taken
Get Ahead of the Curve
In today’s rapidly changing regulatory landscape, companies must stay ahead of the curve. KPMG Turkey offers expert insights and solutions to help companies adapt to the latest regulations and stay competitive in today’s fast-paced business environment.
Insights
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Get in Touch
To learn more about KPMG Turkey’s services and solutions, please contact us at [insert contact information]. Follow us on LinkedIn for the latest insights and updates.