Overview Some internal auditors do not believe that integrated assurance exists or can work. There is no evidence of it having worked effectively in practice although many internal auditors talk about it.
This conference will approach integrated assurance on the basis of the pros and cons – the benefits and the challenges. Is integrated assurance a good thing or not – is it a pipe dream or is it the way forward? Does it lead to over-auditing and is there too much assurance going on? Can we even agree on a definition of what integrated assurance is? With differing views on what assurance is, how can you move forward with integrated assurance?
This day-long conference will consist of five sessions:
The trials and tribulations of integrating assurance in real organisations Roy Millard Observations from a project-manager/internal auditor on the difficulties faced in bringing assurance providers and customers closer together, drawn from his experiences at TfL and from developing industry-wide guidance in the Association for Project Management. Nobody (well, almost nobody) deliberately gets in the way, but there are a host of organisational, behavioural, cultural and historical challenges to overcome. Perseverance pays off, though; providing you don’t set your sights too high, some benefits are quite easy to achieve. You will be encouraged to think for yourselves to compare and contrast your experiences with his.
Integrated assurance provides synergistic benefits to the stakeholders Vicky Kubitscheck In the absence of a universally agreed definition of integrated assurance either as a concept, process or methodology, it is unsurprising that we all have different impressions of what, how and even where it could be used. With greater emphasis on personal accountability and the need for more effective risk governance in the boardroom, Vicky will discuss the rationale and the ways in which integrated assurance is being implemented and, in doing so, proposes a framework with which integrated assurance can be defined and applied consistently in a manner that is aligned with the needs of the firm and its stakeholders.
Integrated what? Graeme Clarke The topics of integrated assurance and assurance frameworks are, and have been, all the rage for some time. They are areas which continue to attract and interest internal auditors from all backgrounds.
Commercial organisations are perceived as being in the driving seat for this but how do public and not for profit organisations fare? Is integrated assurance an unachievable objective or an organisational necessity in the context of the current public sector financial environment?
The session will provide a personal perspective of the development of integrated assurance and assurance frameworks within the public and not for profit arena including:
guidance and best practice
awareness and understanding of the concept
practical design and implementation; and
ongoing monitoring and management.
Integrated assurance – can internal audit really place reliance on others? Sally Clark For integrated assurance to work in practice collaboration across all key stakeholder populations is essential, including regulators, business management and internally within the audit function itself. This session covers the cultural challenges associated with audit, considering audit's historical approach and how the industry can move forward. Practical considerations include potential change in audit skills, responsibilities and competencies as well as how to know when it’s acceptable to place reliance on other assurance providers in the firm. Sally will share her thoughts as well as experience gained in her role as chief internal auditor at Barclays.
Integrated assurance – too late to integrate? Siebe Postuma Internal audit has followed a rapid growth journey in maturing from ‘childhood’ to a robust and respected ‘adult’ within the company, originating with a focus of identifying gaps in the financial control area and helping or advising management to implement a sound (financial) control framework to address weaknesses and gaps. In the current era of big data and digitisation, we should ask ourselves how this affects the way we do controls and assurance.
In this session, Siebe will share some experiences (best practices and challenges) on how he sees IA investing more time and effort to support the business in the journey of maturing their controls and assurance activities. In addition he will bring some unique experiences of how IA can further transform in this new ‘data driven environment’ and respond to questions like:
how to become more agile? (‘static’ approach to ‘dynamic’ audit approach’)
how and where to innovate (continuous auditing, data analytics, real time assurance etc)
traditional reporting to the board versus the modern way of communication and reporting.
How to book Book on or before 19 April 2016 and save £29 by paying £170 per delegate. Book online now