controls assurance

controls assurance

A UK term of art referring to the manner in which an organisation assures that its policies are being implemented, through internal and external audit for financial matters, employment policies and all areas in which the organisation interacts with the public.
References in periodicals archive ?
BlackLine's cloud-based software platform helps organisations remain competitive, reduce risk and transform their existing finance and accounting (F&A) departments into modern finance organisations by automating key processes such as the financial close, account reconciliations, intercompany accounting and controls assurance.
Previously, Chris was a senior consultant with PwC s Business Controls Assurance team in Sydney.
Controls assurance from prior engagements cannot be considered in the current engagement; the controls need to be tested every year to rely on them.
Corporate Governance through Controls Assurance Limited since its founding in 1987 has built up a reputation for competence in identifying, screening, monitoring and risk minimisation of asbestos and legionellosis bacteria.
Tony Wearmouth, TENYAS controls assurance manager, said: "This is not acceptable and we hope these posters will be a stern reminder.
We'd like to assure the people of north Warwickshire and beyond - including all our patients and staff -- that the George Eliot Hospital complies fully with the Department of Health Controls Assurance Standards for infection control.
The first features Colin Reeves, director of finance and performance in the NHS, who explains the controls assurance project which embeds the principles of risk management and underpins the NHS quality agenda.
Aveksa combines all of these capabilities, providing XL Capital the ability to serve key business constituents, automate controls assurance and ensure that risk and compliance management is integrated into the IT fabric.
The company's finance controls and automation platform supports many key accounting and financial processes including the financial close, account reconciliations, intercompany accounting and controls assurance, fueling confidence throughout the entire accounting cycle.
For significant risks, the auditor should (1) consider the design and implementation of related controls, (2) avoid reliance on analytical procedures alone and (3) rely on evidence gathered only in the current period for controls assurance.
However, the lack of practical guidance and a skills deficit among management in risk and controls assurance have resulted in the checking and re-checking of thousands of pieces of data, to the point where corporate America has been distracted from the important business of doing business.