Plot a route
Explore the benefits of assurance maps with practical advice from Amarjit Atkar.
Assurance mapping is a powerful tool that can provide great insights for boards, senior management and audit committees. By allowing the decision-makers to take appropriate comfort from the assurance provided, these maps can maximise its value for the whole organisation.
An assurance map offers a structured means of identifying the main sources of assurance across an organisation an danalysing them against the organisations’ risks and perceived level of assurance need. Such maps are already used across the FTSE 100, and also in a growing number of public sector bodies.They are just as valid for smaller organisations; the same principles apply, just the map itself needs tailoringto suit the organisation. Even organisations with as little as £4m annual turnover are now developing simple but relevant map.
Find out more
Members of the Audit and Assurance Faculty, IAAE and subscribers to Faculties Online
To read the complete article, subscribe to Faculties Online or join the Audit and Assurance Faculty and get access to this article in full, plus all future publications, events, webinars and services.