Build a Resilient,
Compliant Organisation.
ICPL is Singapore's specialist GRC consultancy — integrating governance, risk management, compliance systems, and internal audit into a unified programme that protects your organisation and demonstrates accountability to regulators, investors, and clients.
What is GRC consulting? Governance, Risk & Compliance (GRC) consulting helps organisations establish systematic frameworks to manage regulatory obligations, assess and mitigate risks, maintain ethical governance, and demonstrate accountability through independent internal audit and assurance programmes.
Who needs GRC consulting in Singapore? Any Singapore-incorporated organisation with regulatory obligations — including MAS-licensed entities, government contractors, listed companies, SMEs seeking certifications, and organisations in regulated sectors (healthcare, construction, financial services, technology).
Regulatory Penalties
Singapore regulators — MAS, PDPC, CSA, NEA, MOM — issued S$28M+ in fines in 2024. Proactive GRC eliminates enforcement surprises.
Investor ESG Requirements
SGX Mainboard climate disclosure is mandatory from FY2025. ESG-linked governance frameworks are now expected by institutional investors.
Certification Prerequisites
ISO 37001, ISO 37301, and ISO 27001 all require a demonstrable compliance and risk management programme as a foundation.
Governance, Risk & Compliance
Singapore's most comprehensive GRC programme — integrating compliance management, risk governance, internal audit, and anti-bribery into a unified assurance framework.
ISO 37301 — Compliance Management System
Certifiable compliance management system (CMS) for managing legal, regulatory, and ethical obligations. Demonstrates a systematic, risk-based approach to compliance governance.
- Regulatory obligations register
- Compliance risk assessment
- Controls & monitoring framework
- ISO 37301:2021 certification support
ISO 37001 — Anti-Bribery Management
ISO 37001:2025 (SS ISO 37001:2025) Anti-Bribery Management System. CPIB-aligned, Prevention of Corruption Act compliant. Mandatory due diligence for public sector and MNC supply chains.
- Bribery risk assessment
- Whistleblowing framework
- Gifts & hospitality controls
- ABMS certification support
Internal Audit Services
Independent, systematic internal audit services across ISO management systems, EHS, cybersecurity, compliance, and ESG — supporting continual improvement and certification readiness.
- ISO 9001 / 14001 / 45001 audits
- Cybersecurity & ISMS audits
- Compliance & GRC audits
- ESG & sustainability audits
Risk Management Framework
Enterprise risk management framework development aligned with ISO 31000, MAS and regulatory expectations — covering operational, strategic, cybersecurity, and compliance risks.
- Risk identification & assessment
- Risk treatment & mitigation
- Risk register development
- Board risk reporting framework
Corporate Governance Framework
Board governance policies, committee charters, director obligations, and disclosure frameworks aligned with Singapore Companies Act and MAS corporate governance guidelines.
- Board committee mandates
- Director accountability policies
- Conflict of interest management
- Governance disclosure documentation
Business Continuity Management
ISO 22301:2019 Business Continuity Management System — protecting critical operations from cyber incidents, pandemics, supply chain disruptions, and natural disasters.
- Business Impact Analysis (BIA)
- BCP development & testing
- Crisis communication procedures
- ISO 22301 certification support
Regulatory Compliance Advisory
Ongoing regulatory compliance monitoring across NEA, MOM, SCDF, PUB, BCA, MAS, and CSA — keeping your legal register accurate and translating new obligations into actionable tasks.
- Quarterly regulatory monitoring
- Legal register management
- Compliance gap assessment
- Impact analysis & action planning
Fraud Risk Management
Fraud risk framework development, fraud vulnerability assessments, and controls design aligned with ACFE standards and Singapore's Prevention of Corruption Act requirements.
- Fraud risk assessment
- Preventive controls design
- Fraud response procedures
- Training & awareness programme
Whistleblowing Framework
Design and implement an effective, confidential whistleblowing programme — aligned with ISO 37001, ISO 37302, and MAS requirements for regulated entities.
- Whistleblowing policy development
- Anonymous reporting channel
- Investigation procedures
- Board reporting protocols
Compliance Audit Services
Independent compliance audits assessing adherence to regulatory requirements, internal policies, and industry standards — identifying gaps before regulatory inspections.
- Regulatory compliance audit
- Policy adherence review
- Third-party compliance assessment
- Findings & corrective action plan
GRC Programme Design
End-to-end Governance, Risk and Compliance (GRC) programme design — integrating risk management, compliance, internal audit, and corporate governance into a unified framework.
- GRC architecture design
- Policy & procedures framework
- GRC technology advisory
- Continuous monitoring systems
Compliance Training & Awareness
Tailored compliance training programmes for boards, management, and staff — covering anti-bribery, PDPA, EHS compliance, and regulatory obligations relevant to your industry.
- Board-level compliance training
- Staff compliance awareness
- Industry-specific modules
- E-learning & classroom delivery
Frequently Asked Questions
What is a Compliance Management System (CMS) in Singapore?
A Compliance Management System (CMS) is a structured framework for identifying, assessing, monitoring, and managing an organisation's legal and regulatory obligations. In Singapore, ISO 37301:2021 is the international certifiable standard for a CMS, helping organisations demonstrate systematic, risk-based compliance governance to regulators, clients, and auditors.
What is the difference between ISO 37001 and ISO 37301?
ISO 37001 is specifically an Anti-Bribery Management System (ABMS) standard covering controls to prevent bribery by or of an organisation. ISO 37301 is a broader Compliance Management System standard covering all applicable legal, regulatory, and ethical obligations. Both can be implemented together as part of an integrated GRC programme.
Who needs an internal audit in Singapore?
Internal audit is required for all SGX-listed companies, MAS-licensed entities, and organisations with ISO management system certifications (ISO 9001, 14001, 45001, 27001 all require internal audits). For non-listed SMEs, independent internal audit demonstrates governance maturity and is increasingly required by enterprise clients and government procurement.
How does ICPL help with GRC in Singapore?
ICPL provides end-to-end GRC consultancy in Singapore — from ISO 37001 anti-bribery and ISO 37301 compliance management certification, to enterprise risk frameworks, whistleblowing system design, independent internal audit, and board governance. All projects are EDG grant eligible for qualifying SMEs, with up to 50% co-funding.
What is business continuity planning and why is it important?
Business continuity planning (BCP) identifies critical business functions, sets recovery time objectives (RTOs), and creates tested procedures to maintain operations during disruptions — cyber attacks, pandemics, supply chain failures, or natural disasters. ISO 22301:2019 is the international standard for Business Continuity Management Systems and is increasingly required by MAS-regulated entities and enterprise clients.
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