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How to Combine Assurance Agreement

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Ian Beale from C is hosting a webinar in collaboration with IRM, focusing on combined assurance. The session is scheduled for 75 minutes, and Beale welcomes participants, noting the increasing number of attendees. He addresses the audience from a chilly London and extends a special welcome to a group from a bank in Athens, highlighting the contrast in temperatures. Beale mentions his experience running several webinars with IRM over the past year, welcoming back returning attendees.

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Who is the head of Combined assurance?

Pieter Roos - Group Head: Combined Assurance - Absa Group | LinkedIn.

What does combined assurance mean?

Combined assurance is the process of internal, and potentially external parties, working together and [combining] activities to docHub the goal of communicating information to management.

What is combined assurance in the King IV report?

King IV defines a Combined Assurance Model as one which : incorporates and optimises all assurance services and functions so that taken as a whole, these enable an effective control environment; support the integrity of information used for internal decision-making by management, the governing body and its

Who is responsible for combined assurance?

It is everyones responsibility! It is key to define and clarify the levels of independence and how they are strengthened across the four lines. In addition, the definition of assurance, and what it is that is actually assured over the four lines, should be clearly understood.

What is the role of risk management in combined assurance?

Risk management is the foundation of the combined assurance process and organisations should establish risk-based criteria for dealing with control failures on a consistent and strategically aligned basis to ensure organisational objectives and goals are achieved.

What are the elements of combined assurance?

These are part of what is commonly referred to as the second line of defense. True combined assurance represents the ultimate level of coordination, including such elements as combined scheduling, consolidated planning and reporting, shared terminology, and use of common and shared technology.

What are the roles and responsibilities of combined assurance?

Combined assurance aims to align assurance processes between internal audit and other assurance providers to deliver deeper insights on governance, risk, and control management to senior management and the Audit Committee.

What are the benefits of aligned assurance?

An aligned assurance programme can not only improve efficiencies and create increased levels of assurance, but also deliver greater business insight and added value to the decision-making process across an organisation.

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Combine Assurance Agreement