Tag Archives: Risk-based

Solving the Integrated Risk Assurance Puzzle

What is Integrated Risk Assurance?“ Integrated risk assurance involves an objective examination of evidence for the purpose of providing an independent assessment on risk management, control, or governance processes for the organisation”, (as defined by the IIA).   Why is it important? Despite the events of the recent global financial crisis and the ever-increasing pressure […]

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Size matters – especially when it comes to auditing.

A question I often get asked is “what sample-size do I need”? A reasonable question you might think, but the answer is rarely straightforward. This is because deciding which sample-size to use involves taking three competing requirements into consideration: (i) risk (ii) time and (iii) cost. For example, it stands to reason the more “riskier” […]

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