Glossary
The Impero Glossary is a collection of terms, concepts and legislation in the Governance, Risk and Compliance (GRC). Explore the Glossary to find out more about how Impero can help you simplify your risk management & internal controls.
Environmental, Social and Governance (ESG)
Environmental, Social, and Governance (ESG) risks are non-financial risks that impact an organization’s ability to operate sustainably and ethically.
COSO Framework
The COSO Framework—developed by the Committee of Sponsoring Organizations of the Treadway Commission—is a globally recognized model for designing, implementing, and evaluating internal controls.
Deadline Management
Due date management is the systematic approach to organizing, tracking, and completing tasks within specified timeframes. It ensures that critical activities, especially those related to compliance and regulatory requirements, are executed promptly, reducing the risk of penalties and enhancing operational efficiency.
UK Corporate Governance Code
The UK Corporate Governance Code is a cornerstone of corporate accountability and transparency for companies listed on the London Stock Exchange. Issued by the Financial Reporting Council (FRC), the Code sets out best practices for board leadership, risk oversight, audit processes, and stakeholder engagement.
Tax Control Framework (TCF) - Netherlands
A Tax Control Framework (TCF) is a structured approach designed to manage and control tax-related processes and risks. In Dutch practice, the terms “Tax Assurance,” “Risico-matrix” (Risk Matrix), and “Tax Monitoring” are often used interchangeably or in close connection with TCF, as they cover overlapping concepts and tools.
Tax Control Framework (TCF) - Denmark
In Denmark, the implementation of a Tax Control Framework (TCF) is increasingly seen as essential for companies aiming to manage tax risks effectively, stay compliant with evolving regulations, and meet rising demands for transparency from the Danish Tax Authorities (Skattestyrelsen).
Tax Compliance Management System (TCMS)
A Tax Compliance Management System (TCMS) is an internal control framework designed to ensure that an organization complies with tax laws and regulations.
Internal Control System
Internal controls are the policies, procedures, and activities that help organizations protect assets, reduce risk, and ensure operations run effectively and efficiently.
Risk Management
Risk management is the structured process of identifying, analyzing, and addressing potential threats or opportunities that could affect an organization’s ability to achieve its goals.
Ready for more Impero?
Stay informed on all things Impero — webinar & event invites, exclusive content, product launches and more! Or let us show you why Impero is the right choice for your risk, internal control and compliance needs.