IIA-Australia Factsheet - Integrated Assurance – Making the Best Use of Information

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Author	IIA-Australia
Date	2023
Topics Explored	Governance
Format	Factsheet
Extract/Description	Integrated assurance is a way for internal audit and other assurance providers to work together to align their assurance processes so the audit committee and senior management are given insights on governance, risk management and control arrangements from a comprehensive holistic perspective.
Key Points	Assurance does not arise simply from audits or reviews. Assurance starts with the design and operation of an activity. Top management may establish management review activity independent of line operations to monitor and report on the activity. The governing body may request internal audit to provide assurance independently of management. When using an integrated model of assurance, the governing body will expect reporting from all relevant lines.
Relevant Industries	All
Level of Assumed Knowledge	Expert