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COMBINED ASSURANCE AUDIT SOFTWARE (CARS)Copyright Crest Advisory Africa (Pty) Ltd: 20171COMBINED ASSURANCE AUDIT SOFTWARE (CARS) NOVEMBER 2017Copyright Crest Advisory Africa (Pty) Ltd: 20172CAAS By
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Combined assurance audit is an approach that integrates different forms of assurance activities to provide a more comprehensive view of an organization's risk management and control environment.
Organizations that want to obtain a more holistic view of their risk management processes may choose to conduct a combined assurance audit.
The process of filling out a combined assurance audit involves coordinating various assurance providers, such as internal auditors, external auditors, and other stakeholders, to ensure a comprehensive assessment of the organization's risk management framework.
The purpose of a combined assurance audit is to provide a more integrated and efficient assessment of an organization's risk management processes by leveraging the expertise of multiple assurance providers.
A combined assurance audit report typically includes findings from internal audits, external audits, risk assessments, and other sources of assurance, along with recommendations for improvement.
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