Dear {{lead.First Name:default=Subscriber}},

There are many different assurance providers, all working in silos, making a complete risk picture difficult to obtain. But combined assurance can help.

Global business risks are growing in complexity. Organisations and boards are intensely focused on the risk agenda to stay competitive and steer clear of negative news headlines.

The board is responsible for ensuring that risks are adequately managed—an enormous challenge for any organisation. But one effective solution is combined assurance, which helps strengthen independent assurance reporting to the board and senior management.

Yet senior management and boards are often missing this accurate and holistic picture of the biggest risks to their organisations. This is mostly because the business areas and functions involved are all siloed. And this results in inefficiencies, duplicated functions, wasted resources, and unnecessary complications.

Combined assurance is an effective solution because it’s based on coordinating the activities of all the assurance providers and streamlining their work and reporting.

“Combined assurance is about effectively coordinating management and internal and external assurance providers, increasing collaboration, and developing a more holistic view of the organisation’s risk.”

So, what is combined assurance?