GRC-XML is an upcoming standard promoted by the Open Compliance and Ethics Group (OCEG), a global organization addressing governance, risk and compliance (GRC) management standards across a wide range of industries and public organizations. Specifically, GRC-XML is an upcoming metadata standard for GRC data exchange, reporting, benchmarking and auditing building on the eXtensible Business Reporting Language (XBRL). The LMU Knowledge Management working group is contributing to building next releases of this standard.Prof. Spies is Co-Chair of the GRC-XML standardisation group Europe.
Spies, M., & Tabet, S. (2011, in press). Emerging Standards and Protocols for Governance, Risk and Compliance Management. In E. Kajan (Ed.), Handbook of Research on E-Business Standards and Protocols: Documents, Data and Advanced Web Technologies. Hershey, PA: IGI Global.