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Paper Number
1848
Paper Type
Short
Abstract
In the dynamic realm of financial industries, regulatory compliance is crucial for organizational stability and credibility. However, encountering the rigidity of regulatory frameworks alongside rapid technological advancements presents significant challenges for maintaining agility and competitiveness. This calls for organizations to develop resilience - a capacity to absorb and adapt to unforeseen changes while maintaining equilibrium between flexibility and rigor. Our research explores the integration of agile methods with established regulatory frameworks, conceptualizing Regulatory Resilience as the ability to flexibly adapt while ensuring compliance amidst evolving regulations. By examining the symbiotic relationship between regulation and resilience, we aim to shed light on how organizations can enhance adaptability, efficiency, and innovation within highly regulated environments. Through this ongoing research, we provide initial insights and practical recommendations for reconciling agile development with internal audit functions, facilitating collaboration, and sustaining regulatory adherence.
Recommended Citation
Wurzer, Antonia and Plattfaut, Ralf, "Reconciling Agile Transformation Paradoxes: Process Polarities in Agile Development Methodologies and Internal Audit Practices" (2024). ICIS 2024 Proceedings. 3.
https://aisel.aisnet.org/icis2024/practitioner/practitioner/3
Reconciling Agile Transformation Paradoxes: Process Polarities in Agile Development Methodologies and Internal Audit Practices
In the dynamic realm of financial industries, regulatory compliance is crucial for organizational stability and credibility. However, encountering the rigidity of regulatory frameworks alongside rapid technological advancements presents significant challenges for maintaining agility and competitiveness. This calls for organizations to develop resilience - a capacity to absorb and adapt to unforeseen changes while maintaining equilibrium between flexibility and rigor. Our research explores the integration of agile methods with established regulatory frameworks, conceptualizing Regulatory Resilience as the ability to flexibly adapt while ensuring compliance amidst evolving regulations. By examining the symbiotic relationship between regulation and resilience, we aim to shed light on how organizations can enhance adaptability, efficiency, and innovation within highly regulated environments. Through this ongoing research, we provide initial insights and practical recommendations for reconciling agile development with internal audit functions, facilitating collaboration, and sustaining regulatory adherence.
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Comments
24-Practitioner