Independent Audit Limited

Risk and control convergence

Do you have any gaps - or costly overlaps?

Boards need to know that risk management and control is working well.  They need to be sure that they can push forward with their strategy with the risks covered.

But often the picture is unclear.  There's probably a myriad of control and assurance functions with compliance, internal control, risk management, internal audit, health and safety, external audit, ethics...

The list might go on but if it's not fitting together properly, there may well be gaps with some risk areas uncovered.  Or there may be overlaps with inefficiency, extra costs and frustrations creeping in.  The board and executive management might be left with an unclear view of how well it's working.  And the costs are likely to be higher than they need be.

We help you take a fresh, independent look at your control and assurance framework.  We give assurance to the board, assessing how well it meets your needs and will support your strategy, how it fits and works together, how gaps might be covered and overlaps eliminated, and how costs might be reduced at the same time as increasing effectiveness.