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Business Assurance - Challenges
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Assurance ChallengesThe unprecedented recent world economic crisis has prompted many questions :-

  • How did it happen so quickly?
  • Why was it a total surprise to many people?
  • Why was no action taken to avert it?
  • Could we not have prevented it?
  • How do we make sure it does not happen again?
  • Where were our independent assurance providers during this time?
  • Were they unaware of the issues or did they highlight the dangers and were ignored?

Whilst the answers are many and can be (and are being) debated a significant challenge has resulted for the assurance providers in many organisations.

This challenge is to provide a much more comprehensive and wide ranging level of independent assurance to senior management.

Assurance ChallengesThis has led to a fundamental rethink of the assurance activities and their roles. As most of these functions are independent of each other, traditionally little coordination of these activities took place (or was even deemed necessary)

How we can help

Taking steps to work more closely together with the other assurance providers is not only advisable for is now mandated by most professional bodies. We can help you to develop a plan in this regard. Coordinating Assurance Paper

The requirement to provide a broader level of assurance also impacts on the level of skills required by the members of these teams. We therefore provide specific workshops for assurance providers to cover such skills. Business Assurance Courses

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