Element 20×Finance and Legal
Finance & Legal in Audit & Assurance
Audit, assurance, management review and intervention
Why 2 of these documents sit here
Assurance is one programme. Controllers’ assessments, access-rights reviews, investment assurance and HR compliance audits are planned, tested and reported with the same rigour as process safety audits, and come to the same management review. Separate assurance programmes produce separate, and often conflicting, pictures of how well the company is controlled.
Integrated reading of element 20 →Example documents, by tier
Standard 2
- Financial Controls FrameworkIntegrated readingRepresentative exampleCompany-wideAlso in IOGP 510 · 02 Policies and StandardsNot process safetyNot safety report critical
- Internal Audit CharterIntegrated readingRepresentative exampleCompany-wideAlso in IOGP 510 · 10 Assurance, Review and ImprovementNot process safetyNot safety report critical