Governance, Risk, and Compliance (GRC) in Banking Information Systems: The Role of IS Auditors in Maintaining Financial Integrity
Posted: Sep 30, 2025
Abstract
This research examines the critical role of Information Systems (IS) auditors in implementing Governance, Risk, and Compliance (GRC) frameworks within banking information systems to maintain financial integrity and prevent fraud. Through a mixed-methods approach combining quantitative analysis of banking sector data and qualitative interviews with IS auditing professionals, this study develops a comprehensive model that demonstrates how effective GRC implementation correlates with reduced financial irregularities and enhanced compliance outcomes. The research analyzes data from 150 financial institutions over a five-year period, revealing that organizations with mature GRC frameworks experience 42% fewer security incidents and 67% faster compliance reporting cycles. The study introduces a novel GRC Maturity Assessment Framework that quantifies the relationship between IS auditing practices and financial integrity metrics. Findings indicate that IS auditors' technical expertise in cybersecurity controls, data analytics, and regulatory requirements significantly enhances the alignment between technology governance and fraud prevention objectives. The research contributes to both theoretical understanding and practical implementation of GRC frameworks in the banking sector,
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