Assurance Mapping David Alexander PDF
Assurance Mapping David Alexander PDF
Assurance Mapping
2nd February 2018
David Alexander
[email protected]
07584 092411
TODAY’S PROGRAMME
• Examine the benefits and pitfalls associated with
assurance mapping
• IIA
• ICAEW
• OECD
• EU
• Professional firms
Some Quotes
• “Assurance mapping – it’s too complicated, too time
consuming – I’ve got an audit plan to complete!” (HIA)
• “Apart from IA, has anyone else in our company got the
word “assurance” in our job description? No – so why are
you telling me I have to do it?” (Risk Manager)
An Assurance Map ……
• Enables them to evaluate the state of risk and control more quickly
and more effectively and in line with management perspectives.
• Enables them to focus their effort where there are gaps in the first
and second lines of defence and to include providing an independent
assessment of the quality of assurance provided by the first and
second lines of defence.
• Relates the state of risk after internal audit engagements to the totality
of internal control and identify pervasive issues more easily.
• Enables the auditors to identify risk and focus more quickly and
easily on the key issues likely to impact the external audit or
other assurance engagement
• Also helps to identify the actual state of internal control prior to the
external assurance engagement, and where any work may need to
be focused.
Without an assurance map …….
Vision v. Reality
Pitfalls …..
Other Pitfalls …..
• attempting to create an “all encompassing” map that quickly
becomes over-engineered and complex and can fail to produce
the required information.