The Audit & Assurance discipline in the Protector Skillset focuses on assessing organizational activities, processes, and systems to enhance stakeholder confidence by ensuring transparency, reliability, and compliance.
* Enhancing Stakeholder Confidence:
* By performing audits and assurance activities, organizations validate that processes are functioning as intended and aligned with objectives and regulations.
* This builds trust among stakeholders, including investors, customers, and regulators.
* Performing Assessments:
* Auditors evaluate internal controls, risk management processes, and compliance mechanisms to ensure effectiveness.
* Examples include financial audits, operational audits, and compliance audits.
References:
* IIA Standards: Focuses on internal auditing and assurance practices.
* COSO Framework: Provides guidance for assessing internal control systems.