Assurance mapping and co-ordination
Under IIA standard 2050 Internal Auditors are now required to ensure our work is co-ordinated with others. We must also have a consistent process for determining how much we can rely on others, so this isn’t subjective. Problems with co-ordination and reliance are common findings in many External Quality Assessments.
This webinar will help you understand and benchmark best practices in measuring other assurances (in the first and second lines) and best practices for audit planning and co-ordination with others (e.g. joint audit assignments).
The webinar also looks at assurance mapping techniques to identify gaps and overlaps in the assurance jigsaw.
Learn through numerous practical case studies how to keep assurance mapping work / co-ordination practical and focussed and how to align with others to drive improved GRC and a better value adding role for IA.
Who should attend?
Heads of internal audit, internal audit managers and anyone whose involved in assurance processes.
What will I learn?
Upon completion you will be able to:
Know how standard 2050 is being applied in practice
understand the foundations of an effective assurance map and effective assurance coordination, and what we mean by “reasonable assurance”
Measure how much you can rely on others in the first and second line
Benchmark best practices in assurance co-ordination and sharing information
Understand the implications of a risk assurance approach for audit planning and audit assignments and integrate assurance into other processes such as risk.
Definitions and benefits
Chartered IIA and other definitions of assurance maps, assurance coordination and assurance frameworks.
How to start and pitfalls to avoid
a framework for progressing with assurance maps
the common pitfalls - not understanding how much “reasonable assurance” is needed, and underestimating the importance of being clear about roles and accountabilities.
Practical application of assurance mapping techniques
case studies – financial controls, compliance, projects, streamlined board reporting.
Coordinated ways of working
frameworks for improving the coordination between audit and assurance providers
measuring the assurances from others
Implications for audit planning and assignment delivery
implications of an assurance approach for audit planning and assignments
review of progress/plans in your organisation and insights on key areas to prioritise, keeping efforts realistic.
CPE competency areas covered
Performance (Organisational governance | Risk management | Internal control
Leadership and communication (Audit plan and coordinating efforts)
06/12: 13.00-14.45 and 15.00-16.30
07/12: 09.00-10.30 and 10.45-12.15
Member 495 EUR
Non-member 570 EUR
About James Paterson
Former Chief Audit Executive for AstraZeneca PLC from 2002-2009. Prior to that: various corporate and commercial finance roles, culminating as Head of Group Financial Reporting for AstraZeneca PLC and - after working on a Masters Degree In Management - seconded into HR to be head of Global Leadership Development programmes.
Set up a consulting business in 2010 providing training, development and coaching in the following key areas:
Risk Assurance Mapping
Lean/Agile Auditing (James is the author of Lean Auditing published by J Wiley in 2015),
Root Cause Analysis for Internal Audit,
Influencing and Political Savvy for Internal Audit
Open courses with 12 IIA institutes across Europe, including Belgium, Estonia, Finland, Latvia, Netherlands, Norway, Spain, Switzerland, Sweden and the UK.
Speaker at the IIA International Conferences in 2012, 2014 and 2016; Chair of the EU IAS conference 2017 and 2018 and speaker at the US GAM conference in 2019 on lean/agile auditing.
Masters Degree in management, McGill University, Canada, specialising in organisational effectiveness and culture change. CIA qualified.