What makes a great assurance plan infographic v2
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An assurance plan documents the strategy for conducting regular reviews of a business's systems and controls. It identifies risks and controls to give businesses certainty on the current state of their operations and help prevent future issues. A great assurance plan is focused, uses broad analytics, maps processes simply, includes risk assessments, and looks for opportunities for improvement.
What makes a great assurance plan infographic v2
- 1. WHAT MAKES A GREAT ASSURANCE PLAN Its all about focus and broad analytics... Assurance plans are plans that document the strategy for conducting reviews. Assurance reviews are reviews designed to give businesses certainty about the workings of their systems and controls. it is done on an annual , monthly or quarterly basis. They are often risk based and focus on risks and systemic issues to detect current issues and help prevent future issues. To give certainty, controls and risks are identified to help ensure that businesses are clear on the state of their systems. G O S P O T I T S O , W H A T M A K E S A N A S S U R A N C E P L A N T I C K ? Focus Broad Analytics Process Mapping Simple Evaluations Risk Assessment Opportunity Spotting