Business Assurance

Traditionally Risk Management, Corporate Compliance and Audit have been associated with financial management and whilst they remain closely linked with high financial integrity, increasingly they are foundations for excellent operational performance throughout organizations.

Also in the past, these disciplines have been based on control and mitigation. High performing organizations now look to risk management, compliance and audit as elements of management processes aimed at creating opportunity and enhancing performance and productivity. Indeed, they are becoming integral components of mission, strategy and objective achievement and of establishing best practice in everything a company does.

Additionally, legislation in many forms, corporate governance requirements and shareholder expectations are directing companies to comply with regulatory and ethical obligations in nearly all of their business activities, whether it be financial control and reporting, human resource management, comportment in the market place or a code of conduct that governs all aspects of how a company operates and behaves.

As each of these disciplines has increased in importance it has been logical to integrate the activities into a coherent program and structure often called Business Assurance. It is imperative that companies set up programs for all aspects of Business Assurance - not only for meeting minimum requirements but to give the business a platform for opportunity, development and operational excellence.