The response of many businesses to the challenge of meeting new regulatory requirements and satisfying ever increasing expectations regarding corporate governance is to expand their existing assurance structure – either by broadening its scope or deepening it through the addition of further layers.
KPMG in Switzerland has long been committed to the issue of assurance coordination and optimization. This study is intended to contribute to the discussion around enhancing the effectiveness and efficiency of assurance functions, by:
- Providing insights into current practice;
- Discussing opportunities and risks inherent in improving cooperation and coordination between assurance functions; and
- Outlining possible areas representing potential for optimization.