TOSMS Boardroom Services
Pillar 3: Boardroom Accountability and Combined Assurance
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Deliver cast-iron assurance of key information reported to and by the governing bodies.
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Digitise, integrate and automate a Three Lines of Assurance framework.
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Introduce an expert system to automate the practices of accountable individuals using Automated Standard Compliance Procedures.
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Integrate these assurance and accountability practices and standards into your business architecture for optimal results.
Reporting accurately on the results of large corporations is becoming more and more complex and requires a multi-pronged approach including senior leaders and external auditors providing attestations as to their veracity.
Even this is no guarantee as acknowledged by the UK Financial Reporting Council. There are far too many major corporate failures experienced over the years from Enron to Carillion.
For combined assurance to work properly it needs to be integrated into the business architecture of the enterprise. Accountabilities must be digitized, integrated and automated at a level of sophistication that is proportionate to the risk assessed.
At TOSMS, our consultants provide our clients with solutions for combined assurance and accountability, that are part of a substantial body of knowledge we have developed over many decades, and form part of our Integrated Governance Framework.
Our combined assurance framework meets the requirements of regulations globally for listed companies and represents the gold standard for ensuring the many accountable individuals across the organisation are properly trained, consistently maintain the required level of competency, and are supported by a toolbox of applications and practices to provide these critical digital services to the board and executive team.