Advanced Block: Module 6
Assurance
The Assurance Module enhances confidence in risk management processes by enabling businesses to perform assurance activities across all lines of defence.
Roadmap Module (Coming Q2 2025)
Our Assurance Module enables organisations to plan and execute assurance activities across all business areas and key risk types. Supporting multiple assurance approaches, including control testing, it ensures a streamlined and coordinated Combined Assurance process across the lines of defense, enhancing efficiency and oversight.
The purpose of the Assurance module is to provide business with a repository of combined assurance reports and action plans.
Key Features Include:
- Independent Assurance: Facilitate assurance activities by internal auditors, external auditors, or independent providers, as required by regulations.
- Combined Assurance: Generate and track assurance plans, report results, and analyse outcomes to align with regulatory expectations.
- Comprehensive Storage: Maintain records of reports, identified issues, and corresponding action plans for easy reference and accountability.
- Compliance Support: Customisable control testing functionality ensures adherence to RMCP and Section 42 of the FIC Act requirements.
With its combined assurance functionality, the module empowers organisations to align with regulatory standards and maintain robust oversight of risk management practices.
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