The Audit & Assurance discipline in the Protector Skillset focuses on assessing organizational activities, processes, and systems to enhance stakeholder confidence by ensuring transparency, reliability, and compliance.
Enhancing Stakeholder Confidence:
By performing audits and assurance activities, organizations validate that processes are functioning as intended and aligned with objectives and regulations.
This builds trust among stakeholders, including investors, customers, and regulators.
Performing Assessments:
Auditors evaluate internal controls, risk management processes, and compliance mechanisms to ensure effectiveness.
Examples include financial audits, operational audits, and compliance audits.
[References:, IIA Standards: Focuses on internal auditing and assurance practices., COSO Framework: Provides guidance for assessing internal control systems., , , ]
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