The internal audit activity of an investment company received a request to provide assurance on the risk management process. Preliminary discussion with senior management revealed that separate functions within the organization perform some form of risk management activities. Which of the following is the most effective tool for ensuring that risk management activities are coordinated among these functions?

Question

Quizplus · Accepted Answer

An assurance map is a tool that helps in coordinating risk management activities by providing a visual representation of the various assurance activities and their coverage across the organization.

The Internal Audit Activity of an Investment Company Received a Request