Gartner Research

Laying the Foundation for Aligned Assurance

Published: 19 March 2019

ID: G00707127

Analyst(s): Audit Research Team

Summary

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.

Table Of Contents

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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