Risk Management leads to Success Assurance.

Audit Committees are seeking deeper and broader assurance to substantiate the Governance  statements required by the Board.  However we often find that the assurance providers do not work in a co-ordinated  way to provide a  meaningful and integrated assurance statement to the Audit Committee.  Often the providers of assurance do not use a common focus in order to understand their organisations and therefore fail to develop an integrated assurance model which provides powerful and meaningful assurance. Silos exist and good practice is not shared or leveraged off in order to provide deeper integrated assurance. This cannot be allowed to continue given the current economic climate and we are being asked more and more to develop integrated assurance models which combine the work of compliance, Sarbox, etc to demonstrate tangible benefits to businesses rather than being a "tick the box" exercise.  Our approach has helped some of our clients to refocus business models to realise their core objectives and add billions in shareholder value.  We have proven time and time again with our clients that an effective assurance process combined with risk management is a success assurance mechanism. We have worked extensively with private and public sector organisations to map the various assurance providers in order to identify gaps in their: ·         Planning and resource allocation processes; ·         Methodologies and tools; ·         Training and development of staff involved in the assurance process; ·         Reporting and follow up; ·         Provision of annual opinion or assurance statements. We use proven tools  and methodologies together with a highly credible team to develop an integrated assurance model/process which meets the specific needs of the Audit Committee and Board.  We can also identify areas where there is cross over and translate this into savings or deeper assurance depending on our clients assurance needs. We have produced a case study for developing an integrated assurance model and a summarised integrated assurance model is set out below. If you would like to discuss how we could help your organisation please call us or send an email using our contact information.

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