Course Description

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, internal assurance providers and external assurance providers
• Implications for the Audit Committee
• The role of Internal Audit according to new Global Internal Audit Standards™
  • Standard 6.1 – Internal Audit Mandate
  • Standard 9.1 – Understanding Governance, Risk Management, and Control Processes
  • Standard 9.5 – Coordination and Reliance
• The challenges for CAE’s on Combined assurance
• Guidance from the King IV report
• Drafting combined assurance framework/model
• Drafting the combined assurance plan
• Determining the objectives of the combined assurance plan
• Identify and specify the sources of assurance over risks

• Provide the Risk Management Committee, the Accounting Authority / Officer and Executive Management with a framework of the various assurance parties
• Link risk management activities with assurance activities
• Provide a basis for identifying any areas of potential assurance gaps
• Assist the Accounting Authority / Officer and internal audit in reviewing the effectiveness of the risk management system

Practical example in the development and maintenance of a Combined Assurance framework, plan and report.

Delegates are provided with templates and work programs

Who should attend?

Please be advised of the event terms and conditions.
Delegates are also requested to review the content and the levels of the courses presented before booking, to ensure they are attending the right course.