Element 10×Finance and Legal
Finance & Legal in Assurance
Assurance, Review and Improvement
What Finance & Legal owns here
This element holds the independent assurance of finance and legal — external audit, internal audit, legal review and compliance assurance.
Example documents, by tier
Process, procedure, work instruction 1
- Value Assurance Review Close-out ProcedureIn 1 of 3 operator registersCompany-wideAlso in EI PSM · 12 Management of change and project managementNot process safetyNot safety case critical
Supporting documents 3
- Value Assurance Screening Assessment FormIn 1 of 3 operator registersCompany-wideAlso in EI PSM · 12 Management of change and project managementNot process safetyNot safety case critical
- Discipline Assurance Review Terms of Reference TemplateIn 1 of 3 operator registersCompany-wideAlso in EI PSM · 12 Management of change and project managementNot process safetyNot safety case critical
- Completion Assurance Review Report TemplateIn 1 of 3 operator registersCompany-wideAlso in EI PSM · 12 Management of change and project managementNot process safetyNot safety case critical
Guidance · outside the system 1
Informative, not a “shall”. These belong in the knowledge base, not the management system. How this works →
- Corporate Project Review GuidelineIn 1 of 3 operator registersCompany-wideAlso in EI PSM · 12 Management of change and project managementNot process safetyNot safety case critical
Why these belong here
"Element 10 for Finance and Legal is the canonical model of independent assurance — every other function's Element 10 is judged against this one."
What does not live here
- →The KPI data being reviewed — (Monitoring, Reporting and Learning)E09 Monitoring
- →The standards the audit is testing against — (Policies and Standards)E02 Policies
- →The risk acceptance behind an exposure — (Risk Assessment and Control)E05 Risk