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When the OCEG released Red Book version 1.0 back in 2005--it seems like a long time ago--the whole idea of GRC applications was still new. There was definitely a need for a COSO-like guide to internal GRC implementations. The focus back then was compliance and that is where the Red Book offered the most value. Four years later, the landscape has morphed a bit, and no one should be surprised that version 2.0 is concerned with the R and G as much as the C. The heart of the new version--a public exposure draft has been released--is something called the GRC Capability Model, which the OCEG markets as a "comprehensive guide for anyone implementing and managing a GRC system or some aspect of that system (e.g., compliance, training, hotline, investigations)." Eventually, OCEG members will be able to access the resource online to "create custom reports drawing from the Model and additional OCEG resources."