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How to Combine Assurance Agreement

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good morning good morning this is Ian Beale from C be delighted to be hosting another webinar jointly with the IR M today were talking about well this morning were talking about combined assurance and its a pleasure to be running another another webinar this morning weve got I think 75 minutes scheduled for this mornings webinar Im so delighted to be here from a very chilly London and we have a lot of people dining into the webinar and the numbers going up at the moment so welcome to to everybody wherever you may be and particularly welcome I know one of our clients based at a bank I wont mention name based at a bank in Athens theres several of you in a room to dialing in listening to this so a very warm welcome to to you from hopefully a much warmer Athens and it is here in London but welcome to everybody wherever youre dialing dialing in from Ive run several of these webinars for for and with the IR M over the last year or so so if youve heard me before welcome back if yo

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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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