Factsheet - Assurance Mapping

Factsheet

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Author

IIA-Australia

Date

2023

Topics Explored

Governance, Assurance and Integrated Assurance

Format

Factsheet

Extract/Description

Assurance is expensive. For this reason, it is important for organisations to get it right when determining the make-up of their assurance environment. For effective organisation assurance all organisational assurance activities should be visible to the audit committee and senior management, including assessment of their effectiveness.

Key Points

1. Assurance maps are generally the first step in an assurance strategy process and provide comfort that key organisation risks are adequately covered by assurance activities.
2. It needs to be recognised that internal audit is not the only way to improve the assurance environment and that a holistic whole-of-organisation assurance strategy built upon an assurance map has a lot to offer organisations.
3. Includes a Framework for Assurance Mapping
4. Includes an example of an assurance map.

Relevant Industries

All

Level of Assumed Knowledge

Intermediate

Aligned to Global Internal Audit Standards

No