Will the integrated GRC implementation be effective against corruption?

Published date24 February 2022
Date24 February 2022
Subject MatterAccounting & finance,Financial risk/company failure,Financial crime
AuthorMagda Siahaan,Harry Suharman,Tettet Fitrijanti,Haryono Umar
Will the integrated GRC
implementation be eective
against corruption?
Magda Siahaan
Padjadjaran University, Bandung, Indonesia and Trisakti School of Management,
Jakarta, Indonesia
Harry Suharman and Tettet Fitrijanti
Padjadjaran University, Bandung, Indonesia, and
Haryono Umar
Perbanas Institute, Jakarta, Indonesia
Purpose Business Principles for Countering Bribery, 2003, helps companies design and implement anti-
bribery policies, one of anti-corruption. Since then, the business environment has changed, can carry out anti-
corruption activities from within the organization througha management system. Currently, the business world
recognizes the existence of an integrated governance,risk management and compliance (GRC), where one of the
goals is to overcome the risk of corruptionin the organization. Therefore, this study aims to clarify the concept of
integrated GRC implementationw ithinthe organization through previous studies from 2007 to 2021.
Design/methodology/approach This study was designed in a systematic literature review based on
ve journal publishersarticles/journals from the Web of Science, Scopus and Google Scholar databases.
Keywords used to search consist of Anti-Corruption (AC); Governance (G); Risk Management (RM); Compliance
(C); GRC. The four keywords G, RM, C and GRC, are lteredbased on articles that correlate with AC.
Findings Overall, this review shows a few concepts for integrated GRC implementationin organizations
that effectively supportthe prevention and detection of corruption. Although no empirical researchhas been
found in the literature review, these three GRC silos governance, risk management and compliance
support anti-corruption.In other words, it is hoped that the successful implementation of the integratedGRC
in the future can improvethe anti-corruption capabilities to be achieved in every organization.
Research limitations/implications Research only discusses one internal function within the
organization,of the many internal functions that are known to detect and prevent corruption.
Practical implications Organizations can use this review to understand the importance of internal
functions in combating the risk of corruption with a more consistent and committed commitment to
implementingan integrated GRC.
Originality/value As far as the authorssearch is concerned, there is no review of the concept of
integrated GRC implementation against anti-corruption. It invites researchers to examine the actual
implementationof this integrated GRC in organizations.
Keywords Governance, Compliance, Risk management, Anti-corruption, GRC
Paper type Literature review
© Magda Siahaan, Harry Suharman, Tettet Fitrijanti and Haryono Umar. Published by Emerald
Publishing Limited. This article is published under the Creative Commons Attribution (CC BY 4.0)
licence. Anyone may reproduce, distribute, translate and create derivative works of this article (for
both commercial and non-commercial purposes), subject to full attribution to the original publication
and authors. The full terms of this licence may be seen at http://creativecommons.org/licences/by/4.0/
Journalof Financial Crime
Vol.30 No. 1, 2023
pp. 24-34
EmeraldPublishing Limited
DOI 10.1108/JFC-12-2021-0275
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