Published: 19 March 2019
ID: G00707127
Analyst(s): Audit Research Team
To provide comprehensive assurance as the risk landscape becomes more complicated and interconnected, many audit leaders are starting to coordinate assurance efforts with the business and second-line assurance functions. This report provides guidance on taking the first steps to aligned assurance.
Get the Organization Ready for Aligned Assurance
Conduct a Readiness Assessment
Generating Buy-in from Key Stakeholders
Discussions With Senior Leadership
Discussions With Other Assurance Providers
Discussions With Business Unit Owners
Creating an Implementation Plan and Team
Building a Cross-Functional View of Aligned Assurance
Facilitation for Aligned Assurance
Establishing a Governance Framework
Table 1: FirstRand’s Control Template Framework
Formalizing the Communication and Coordination Mechanisms
Establishing Common Risk Language and Consistent Rating Scale
Conclusion
Recommended by the Authors
About This Research
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