Combined Assurance: Case Studies on a Holistic Approach to Organizational 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.
Improve Your Organizational Governance Through 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 organizations 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.
"Research shows time and again that organizations benefit most from their risk and control investments when their assurance functions work together. These excellent case studies effectively show how to implement this kind of combined assurance and the advantages that it provides."
—Phil Tarling, former President of the European Confederation of Institutes of Internal Auditing (ECIIA)
Item Number: 10.5023