Assurance and Audit

As awareness of risk exposure expands, boards have been pushing for a single view of all risk, assurance and audit activities. Upgrades to risk management infrastructure has seen a pick up of a range of independent systems with the glue being applied via BI frameworks, attempting to display everything in one place. But fundamental problems remain: differences in methodologies, terminology, categorisations, measures, and processes, have ensured that consistency remains elusive. Management teams, audit committees, and boards still lack a clear, accurate, and comprehensive picture of the risks to their organisation and the monitoring in place.

How much time are you spending massaging data to make sense?

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To Succeed:

Risk and assurance activities are designed to strengthen a company's controls and thereby preserve shareholder value.

Reinforcing why these valuable governance mechanisms exist, and not just relegating them to bureaucratic check-the-box exercises remains a vital responsibility for leadership.

Continual reference to one risk view and therefore one assurance view is critical to increasing levels of responsiveness, efficiency, and robustness across all levels of the business.

What Good Looks Like:

Assurance activities are shared out amongst all employees so that everyone gets an insight into the controls delivering the risk reduction.

The information required for decision making is already aligned, eliminating the need to re-calibrate values to another standard before comparisons made, irrespective of domain, location, function or process.

Assurance data is summarised and simple to understand and act on, with supporting detail to provide the background as and when required.

Everyone in your company is focused on what really matters and the accountabilities for risks and controls are clear and visible.

Call Us Now: +61 1800 568 974. One of our experts will help you create a solution to meet your EHS and compliance needs.

Call Us Now: +61 1800 568 974. One of our experts will help you create a solution to meet your EHS and compliance needs.