State of Regulatory Compliance in Canada

Publication Date	February 2008
Publisher	IDC
Product Type	Report
Pages	22
ISBN Number	not applicable
Product Code	IDC03976

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Summary

This IDC study analyzes how Canadian organizations are responding to governance, risk, and compliance (GRC) challenges. Our survey examines which regulations are atop the radar screens for senior business and IT leaders.

"Our survey findings of line-of-business and IT managers indicate that the Personal Information Protection and Electronic Documents Act (PIPEDA) is replacing the Sarbanes-Oxley Act (SOX) as the GRC focus of Canadian organizations,"said David Senf, director of Security and Software Research."Canadian firms believe that they are more than halfway down the path of dealing with their key GRC issues. IDC believes that this means that firms in this country have either spent the lion's share of budgets relating to compliance or already have that money earmarked."Senf and Nigel Wallis, research manager, Services, agree that in order to capture the remaining activity, vendors should leverage experience and best practices into easy-to-use assessment tools and simplified deployment.

Content

IDC Opinion
In This Study
Situation Overview
- Top Canadian Governance, Regulation, and Compliance Issues
  - PIPEDA Rises to Become the Number 1 GRC Issue
  - Figure: Main Governance and Regulatory Compliance Issues in 2007
  - Level of Compliance Completion
  - Figure: Level of Compliance Completion by Industry
  - The Role IT Plays in Compliance
  - Figure: Importance of IT in Meeting Company Objectives by Industry
  - Spending on GRC
  - Figure: Main Governance and Regulatory Compliance Issues by Spending Group
  - Training Employees Is the Biggest Compliance Challenge
  - Figure: Largest Business Challenges of Governance and Regulatory Compliance by Industry
  - Figure: Delta from National Average on Largest Business Challenges of Governance and Regulatory Compliance by Industry
  - Figure: Largest Business Challenges of Governance and Regulatory Compliance by Organization Size
Future Outlook
- Business Process Opportunities Correlate with PIPEDA
- Figure: Business Process Changes by Implementation Status
- Technology Opportunity
- Figure: Technology Changes by Implementation Status
Essential Guidance
- Actions to Consider
- Figure: Business Benefits of Governance and Regulatory Compliance by Organization Size
- Sales Summary
- Figure: Compliance Cheat Sheet ? IT and LOB Respondents
- Figure: Compliance Cheat Sheet ? Companies with 100?999 and 1,000+ Employees
- Figure: Compliance Cheat Sheet ? Industries
Learn More
- Related Research
- Methodology
- Synopsis