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ASSURANCE MAPPING by Matthew Oleniuk FMI Capital Chapter PD Day September 25, 2014.

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Presentation on theme: "ASSURANCE MAPPING by Matthew Oleniuk FMI Capital Chapter PD Day September 25, 2014."— Presentation transcript:

1 ASSURANCE MAPPING by Matthew Oleniuk FMI Capital Chapter PD Day September 25, 2014

2 INTRODUCTION  What is assurance mapping?  Possible processes – and a sample process.  How assurance mapping can be used to support corporate functions.

3 ASSURANCE MAPPING BASICS  An overview of assurance activities.  Discussion piece to feed monitoring, reviews, and quality assurance activities.  Should be easy to understand.

4 OBJECTIVE & SCOPE  What would you like to cover?  A general view of the organisation?  A deep dive of a specific function?  Process versus program versus risks?  DANGER: this is not an audit!

5 THE ORGANISATION

6 WHAT ARE THE OTHER ASSURANCE PROVIDERS?  Internal or External Audit  Departmental Internal Audit function, Office of the Auditor General (OAG), Office of the Comptroller General (OCG), Privacy Commissioner, etc.  Evaluation  Management Independent Assessment  MAF  Management Self-Assessment  Control Self-Assessments, Questionnaires, etc.  No assurance coverage

7 NOT ALL ASSURANCE COVERAGE IS CREATED EQUALLY  Rank assurance providers according to level of assurance gained in general  Determine frequency of assurance gained  Match specific assurance activities with general processes  Establish weightings and method to map activities

8 SAMPLE ASSURANCE MAP LEGEND

9 ASSURANCE MAP – NO FUTURE AUDIT COVERAGE

10 ASSURANCE MAP – INCLUDING FUTURE AUDIT COVERAGE

11 WHY SO MUCH RED?? ?

12 COMPLETE ASSURANCE PICTURE  Highest levels of assurance are sometimes highly focused  Assurance map is only one tool; complements other value-added activities  Cannot determine sufficient assurance coverage without knowing the whole picture

13 RISK MAP

14 THE CHERRY ON TOP  Different assurance maps for different audiences:  Deputy Minister/Board/CEO/  Partners  External stakeholders/shareholders

15 THE GREAT COMMUNICATION TOOL  Assurance mapping should be used:  by corporate review functions when prioritising activities;  to feed monitoring discussions with management;  as a continuous reference point to show where risks might pop up throughout a fixed cycle or period of time.

16 CONCLUSION  Ultimately, assurance mapping gives stakeholders:  An overview of which risk areas are being covered and which are not;  A medium-term view of risk management in the organisation;  A clearer understanding of what assurance providers can do – and what they can’t.

17 QUESTIONS? Matthew.Oleniuk@FortyKconsulting.com www.linkedin.com/in/matthewoleniuk


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