Project Assurance

This is a members only resource. Please login to access.

Author	Andrew Cox MBA, MEC, GradDipSc, GradCertPA, DipBusAdmin, DipPubAdmin, AssDipAcctg, CertSQM, PFIIA, CIA, CISA, CFE, CGAP, CSQA, MACS Snr, MRMIA Riaan Steenekamp PMIIA CIA GRCP & GRCA, PMI–PMP
Date	2022
Topics Explored	Project Assurance, Internal Audit, Internal Audit Management
Format	Publication
Extract/Description	Projects are risky and many chief executives and senior managers have been terminated when projects have failed. Yet many organisations continue to rely on poorly constructed business cases and unvalidated self-assessed project reporting to make million-dollar decisions. Internal audit is required to be risk-based, and projects are often the riskiest endeavours an organisation will pursue. Nevertheless many internal audit functions do little or nothing around projects. This publication examines the concept of project assurance and why it is desirable to establish assurance activities for projects.
Key Points	Why is Project Assurance Important? What is Integrated Project Assurance? What are Project Assurance Touchpoints? How to make sure Project Assurance Activities Happen? What are Project Assurance Service Types? Data Analytic Techniques and Digitisation Capital Control Environment Assessment What about Project Assurance Reporting? Who should Provide Project Assurance Services?
Relevant Industries	All
Level of Assumed Knowledge	Intermediate