ABSTRACT
This chapter illustrates a relatively mature state of application of integrated assurance where the risk assurance mapping process is embedded. It focuses on the risk based decision making between the assurance functions as well as at the Board's Group Audit Committee and Group Risk Committee. The board's commitment to maintaining high standards of corporate governance is necessary as the organisation continues to strengthen its international presence. The integrated assurance is implemented across the organisation at Level 3, with particular focus on key control functions working collaboratively. This global financial services organisation, with locations in some 18 countries, was established over 150 years ago. The implementation of an integrated approach to risk assurance in the organisation is the overall increased level of confidence in the boardroom and by regulators. As the approach continues to mature there is more focus by the Group Audit Committee and Risk Committee on discussing the risks and related assurance rather than only concentrating on physical reports.
