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Panel Discussion: Are we ready for « integrated asssurance »?

Panel Discussion: Are we ready for « integrated asssurance »?. Panel Discussion : Are we ready for Integrated Assurance?. Moderator: Leen Paape Chairman Panelists: Marie-Helene Laimay Senior Vice President Audit & Internal Control Assessment Sanofi ( France) Xavier Bedoret

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Panel Discussion: Are we ready for « integrated asssurance »?

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  1. Panel Discussion: Are we ready for « integrated asssurance »?

  2. Panel Discussion:Are we ready for Integrated Assurance? Moderator: Leen Paape • Chairman Panelists: Marie-Helene Laimay • Senior Vice President Audit & Internal Control Assessment Sanofi ( France) Xavier Bedoret • CAE GDF Suez ( France) Thijs Smit • CAE SHV ( Netherland)

  3. Are we ready for Integrated Assurance?

  4. Are we ready for Integrated Assurance? •  Panel discussion will try to answer questions such as: • Who, which function are part of the journey? • What are their responsibilities and whom do they serve? • How the entity is organized to coordinate assurance activities? • What is the potential role of Internal Audit? • Should CAE play a specific role?

  5. Are we ready for Integrated Assurance?  Assurance providers : Senior Management Management and employees Audit Committee & Board RISK Risk Management Financial reporting review teams External auditors Other External assurance providers Environnemental, Health and Safety Auditors Compliance Quality assurance Internal auditors

  6. Are we ready for Integrated Assurance? Assurance providers objectives and responsibilities :  To meet stakeholders expectations • They could primarily report to : • Management • Board • Shareholders • Other external stakeholders

  7. Are we ready for Integrated Assurance?Looking for the right governance • Interaction & coordination among assurance providers : - Silo organization - Matrix organization - Holistic approach • Communication • Consistency • Overlap

  8. Are we ready for Integrated Assurance?

  9. Are we ready for Integrated Assurance?An ambitious journey Keys to success: • Multi dimension approach • Stakeholder expectations alignment • Governance effectiveness • Assurance provider maturity • Assurance map: concept of the 3 lines of defense • CAE engagement

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