Masterclass:- Combined Assurance

 

A combined assurance model effectively co-ordinates the efforts of management and internal and external assurance providers, increases their collaboration and develops a shared and more holistic view of the organisation’s risk profile. This seminar will expose delegates to the concept of combines assurance and the role that internal audit should play

 

Course Content

 

• Understanding combined assurance

• The roles of management, internalassurance providers and externalassurance providers

• Implications for the Audit Committee

• The role of Internal Audit

• Guidance from the King III report

• Drafting the combined assurance plan o Determining the objectives of thecombined assurance plan

• Identify and specify the sources of assurance over risks

• Provide a basis for identifying any areas of potentialassurance gaps

• Assist the Accounting Authority / Officer and internal audit in reviewing the effectiveness of the risk management system