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TS 01504:1.0 T MU AM 00003 ST StandardAsset Assurance and Governance Plan Technical RequirementsIssue date: 20 July 2023 Effective date: 20 July 2023 State of NSW through Transport for NSW 2023TS
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Identify all assets within the organization
02
Assess the value and risks associated with each asset
03
Develop policies and protocols for the protection and management of assets
04
Assign responsibilities to individuals or teams for asset assurance and governance
05
Regularly review and update asset assurance and governance procedures

Who needs asset assurance and governance?

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Organizations of all sizes and industries can benefit from asset assurance and governance to protect their valuable assets and mitigate risks
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Top management, IT departments, and compliance teams are typically involved in asset assurance and governance processes
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Asset assurance and governance refers to the process of ensuring that an organization's assets are protected and maintained according to established policies and procedures.
Asset assurance and governance filing requirements typically apply to organizations that have valuable assets which need to be safeguarded.
Asset assurance and governance forms can usually be completed online or through a designated platform provided by the regulatory body overseeing the filing.
The purpose of asset assurance and governance is to minimize risks related to asset mismanagement, theft, or misuse within an organization.
Typical information reported on asset assurance and governance includes a detailed inventory of assets, their current condition, and any measures taken to protect them.
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