COMBINED ASSURANCE : CASE STUDIES ON A HOLISTIC APPROACH TO ORGANISATIONAL GOVERNANCE

Do away with inefficiencies and take a holistic approach to risk management and assurance. This report takes an in-depth look at how to implement and benefit from combined assurance.

Risks today are so diverse that the internal audit function cannot provide assurance on its own; auditors have to coordinate with other assurance providers. Nevertheless, assurance providers often work in silos, leading to inefficiencies, inconsistencies, and a lack of transparency.

There is a clear need to combine and coordinate reporting from various assurance providers. To meet this need, the concept of combined assurance has been introduced, providing a holistic approach to risk management and assurance.

For the first time, internal audit researchers have provided an in-depth look at how six multinational organisations are in the process of implementing and benefiting from combined assurance. The report provides critical success factors, methods to overcome challenges, and leadership strategies for internal audit The 7 Managerial.