Aligning assurance functions within auditing and related areas is a complex task that requires a coordinated approach to ensure comprehensive risk management and regulatory compliance. This alignment involves integrating various assurance functions such as internal audit, risk management, compliance, and external audit. Key challenges include differing objectives and methodologies among these functions, communication barriers, and overlapping responsibilities. The primary goal is to create a streamlined, efficient assurance process that reduces redundancy and enhances the overall effectiveness of the audit function. In this session you will learn,
- How to harmonize the objectives and processes of internal audit & other assurance functions
- How to enhance communication and collaboration
- How to establish stnadardized procedures and frameworks to help reducing redundancy & ensure consitency.
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