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.

 

Course programme

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

  • Combined reporting

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

  • Professionalism

  • Performance (Organisational governance | Risk management | Internal control

  • Leadership and communication (Audit plan and coordinating efforts)

 

Instructor

James Paterson

Timing 

06/12: 13.00-14.45 and 15.00-16.30 

07/12: 09.00-10.30 and 10.45-12.15 

CPE Credits

7

Price 

Member 495 EUR 

Non-member 570 EUR

 

Language

English 

 

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), 

  • Auditing Culture, 

  • 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.