Risk-Based Combined Assurance

Demystifying Combined Assurance Under King V: Build a Risk-Based Model, Define Roles, and Enhance Effectiveness

Platform:

Online

In-class

Date	Venue	Duration
14 - 16 October 2026	Sandton, Gauteng	3 Days
09 - 11 December 2026	Sandton, Gauteng	3 Days
11 - 13 January 2027	Sandton, Gauteng	3 Days
22 - 24 February 2027	Cape Town, Western Cape	3 Days
05 - 07 April 2027	Sandton, Gauteng	3 Days
24 - 26 May 2027	Sandton, Gauteng	3 Days
21 - 23 July 2027	Sandton, Gauteng	3 Days
01 - 03 September 2027	Sandton, Gauteng	3 Days
18 - 20 October 2027	Sandton, Gauteng	3 Days
01 - 03 December 2027	Sandton, Gauteng	3 Days

Course Introduction

Combined Assurance has been a buzzword in the assurance community since the introduction of King III. While some organisations have come to terms with it and have established clearly defined combined assurance processes, there are still a significant number that have not begun or are navigating their way towards what may be considered best practice in their industry.

The essence of combined assurance is effective coordination and collaboration between management and both internal and external assurance providers to ensure that risks are well-managed, enabling organisations to achieve their objectives. Prospen Africa’s Risk-Based Combined Assurance Masterclass examines the role and contribution of effective risk management in ensuring the effectiveness of a combined assurance model and provides guidance on how to develop a model that is truly risk-based.

Course Objectives

Explain the King V requirements regarding Combined Assurance
Define the roles and responsibilities for various role players in the implementation of the Combined Assurance Model
Prepare a business case for implementing a Combined Assurance model
Learn how to implement a Combined Assurance Model step by step
Assess the Combined Assurance Model's maturity level for their organisation

Who should attend?

Chief Risk Officers
Chief Internal Audit Officers
Risk Managers
Risk Champions
Board Audit Committee and Board Risk Committee Members
Executive Risk Management
Internal Auditors
All Participants in Organisational Assurance Processes, Including Risk Practitioners

Training Methodology

Our diverse instructional approaches ensure effective learning:

– Lectures & Presentations: Engage with expert-driven, stimulating content.
– Course Material: Access well-crafted supporting resources.
– Group Work: Collaborate on discussions and case studies for practical insights.
– Workshops & Role-Play: Participate in immersive, scenario-based activities.
– Practical Application: Focus on applying theoretical knowledge in real situations.
– Post-Training Support: Receive extensive support after training for skill implementation.

Training Outline

Day 1: Introduction, the Board's Role, and King V Foundations

Module 1: Introduction to Combined Assurance

Background and intent of Combined Assurance
King V requirements concerning Combined Assurance
Differences between Integrated Assurance and Combined Assurance
The business case for Combined Assurance
Essential elements and success factors
Key players and their roles

Module 2: The Role That the Board Plays

King V corporate governance requirements for governing bodies
Role of Audit and Risk Committees
Role of the governing body and its committees in Combined Assurance
How to enhance the risk management contribution

Day 2: Risk Management, Internal Audit, and External Assurance

Module 3: The Role That Risk Management Plays

Definition of Enterprise-wide Risk Management (ERM)
Definition of Risk Universe, Risk Appetite, and ERM frameworks
Role of Risk Owners and Risk Champions in the ERM process
Risk registers and the annual ERM work plan
Role of risk management in Combined Assurance
How to enhance the risk management contribution

Module 4: The Role That Internal Audit & External Assurance Providers Play

Risk-based internal auditing
Risk-based assurance to Risk Committees
Drafting the Internal Audit work plan
Role of Internal Audit and external assurance providers in Combined Assurance
How to enhance Internal Audit and external assurance providers' contribution

Day 3: Designing the Model and Case Studies

Module 5: Designing the Combined Assurance Model

Defining objectives
Conducting a gap analysis: understanding and mapping the current state
Mapping risk information (how much/how little)
Model design
Embedding into day-to-day operations

Module 6: Case Studies

Interrogation of success stories in private and public entities
Delineation of success factors
Global case studies

Our Categories

View all Course Categories

Success Stories

Discover how our courses enhance professionals’ effectiveness in their workplaces.

INSETA

The Evolving Role of Executive Assistants and AI Conference

Thank you for offering us the opportunity to attend this course. The Facilitator was very informed, and have learned a lot of AI tools which I will use at my workplace.

View All Reviews

FAQs – Risk-Based Combined Assurance

Develop risk-based combined assurance skills covering risk assessment, assurance planning, governance, internal controls, coordination, and effective assurance reporting.

What is covered in the Risk-Based Combined Assurance course?

The course covers risk-based assurance, combined assurance frameworks, risk assessment, assurance mapping, assurance planning, the Three Lines Model, governance, internal controls, assurance providers, risk reporting, and coordinating assurance activities.

Who should attend Risk-Based Combined Assurance training?

The training is suitable for internal auditors, risk and compliance professionals, assurance practitioners, governance professionals, control specialists, audit committee members, senior managers, and professionals responsible for coordinating or overseeing assurance activities.

What is the purpose of a risk-based combined assurance approach?

A risk-based combined assurance approach helps organisations coordinate different assurance providers around their most significant risks, reduce duplication, identify assurance gaps, strengthen controls, and provide management and boards with a clearer view of risk and assurance coverage.

Does the course cover the Three Lines Model?

Yes. Participants examine the roles and responsibilities of management, risk and compliance functions, internal audit, and other assurance providers, and how these functions can work together within a coordinated assurance framework.

Will I learn how to develop a combined assurance plan?

Yes. The programme helps participants identify key organisational risks, map assurance providers and activities, identify gaps and overlaps, prioritise assurance work, and develop a coordinated risk-based assurance plan.

Can Risk-Based Combined Assurance training be delivered as in-house training?

Yes. Prospen Africa can deliver customised in-house Risk-Based Combined Assurance training aligned with an organisation's risk profile, governance framework, assurance structure, internal controls, policies, and regulatory requirements.

Related Courses

Share this page:

Facebook X (Twitter) LinkedIn WhatsApp Email

View our training calendar to explore available courses, dates, and locations, or request a copy to help you plan your training schedule with confidence.

Consulting

Training & Services

Reliable Shuttle Services

More Courses

More Courses

South Africa

Africa

More Africa

Other Countries

Training Formats

Course Durations

Training Calendar

Training Resources