Risk Advanced
Assurance
The Assurance module builds confidence in your risk management by enabling assurance activities across all lines of defence.
Plan and execute assurance across all business areas and key risk types. The module supports multiple approaches, including control testing, for a streamlined, coordinated Combined Assurance process across the lines of defence.
A central repository for combined assurance
The module gives you a single repository of combined assurance reports and action plans, so oversight stays coordinated and accountable.
Key features
The module covers the full assurance lifecycle, from independent activities through to compliance-aligned control testing.
- Independent assurance: support activities by internal auditors, external auditors or independent providers, as regulations require.
- Combined assurance: generate and track assurance plans, report results and analyse outcomes against regulatory expectations.
- Comprehensive storage: keep records of reports, issues and action plans for easy reference and accountability.
- Compliance support: customisable control testing to meet RMCP and Section 42 of the FIC Act requirements.
Built for regulatory confidence
Combined assurance functionality helps you align with regulatory standards and maintain robust oversight of risk management practices.
Explore the rest of the platform
See Assurance in FinMio
Book a walkthrough and we'll show you how this module fits into your risk programme, end to end.