Combined Assurance
Combined Assurance Coverage Map
Assurance coverage of each key risk across management, internal audit and external providers.
Why a combined assurance coverage map matters
King IV requires the governing body to ensure a combined assurance model that covers significant risks through management, internal audit and external assurance providers without unnecessary duplication or dangerous gaps. Mapping assurance coverage of each key risk across these providers is the artefact that proves no significant risk is left unassured. AuditPro Core builds the coverage map across all assurance providers so the audit committee can see at a glance where risks are over-assured, adequately covered or dangerously bare.
The Numbers
AuditPro Core renders this view from your tenant's live, tamper-evident records. The figures below are illustrative sample data.
Key risks mapped
42
Fully covered
28
67%
Assurance gaps
6
no provider
Over-assured
8
duplication
Coverage by provider per risk theme
Coverage status by theme
| Risk theme | Covered | Gaps | Duplication |
|---|---|---|---|
| Financial | 11 | 1 | 3 |
| Operational | 8 | 2 | 1 |
| Compliance | 7 | 0 | 3 |
| Technology | 6 | 2 | 1 |
| Strategic | 3 | 1 | 0 |
Figures shown are illustrative sample data for demonstration. AuditPro Core renders these views from your own tenant's live, tamper-evident records.
Combined assurance
Combined assurance coordinates the assurance provided by different sources so that, together, they give the governing body comprehensive comfort over significant risks. The aim is integration, not the sum of disconnected efforts.
Assurance providers
Providers span management's own controls, internal audit, and external parties such as the AGSA and specialist reviewers. Each offers a different degree of independence and depth.
Coverage gaps
A coverage gap is a significant risk receiving no meaningful assurance from any provider. Gaps are the most dangerous finding a coverage map can reveal because the risk is effectively unwatched.
Duplication and efficiency
Over-assurance, where several providers cover the same risk redundantly, wastes scarce assurance resources. Mapping coverage lets the institution rebalance effort toward gaps.
How AuditPro Core Bridges the Gap
- Coverage mapping: each key risk is plotted against the assurance each provider offers, revealing the overall picture.
- Gap detection: risks lacking adequate assurance from any provider are flagged for the audit committee.
- Duplication insight: over-assured risks are surfaced so effort can be rebalanced toward gaps.
- Audit-ready assurance map: the consolidated view exports as committee evidence of King IV combined assurance.
Key Takeaways
- Combined assurance integrates providers, not merely sums their efforts.
- Coverage gaps leave significant risks effectively unwatched.
- Over-assurance wastes scarce resources that gaps need.
- The map evidences King IV combined-assurance oversight to the committee.
See This on Your Own Data
AuditPro Core renders this dashboard from your tenant's live, tamper-evident records — every figure traceable to source.