{"id":2079,"date":"2022-10-01T10:57:02","date_gmt":"2022-10-01T10:57:02","guid":{"rendered":"https:\/\/essencenetworks.com\/essence\/?p=2079"},"modified":"2023-11-06T21:35:34","modified_gmt":"2023-11-06T21:35:34","slug":"audit-committee-engagement","status":"publish","type":"post","link":"https:\/\/essencenetworks.com\/essence\/audit-committee-engagement\/","title":{"rendered":"Enabling engagement with the Audit Committee"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"2079\" class=\"elementor elementor-2079\" data-elementor-settings=\"{&quot;ha_cmc_init_switcher&quot;:&quot;no&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-2a985a1 e-flex e-con-boxed e-con e-parent\" data-id=\"2a985a1\" data-element_type=\"container\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-bc56398 e-con-full e-flex e-con e-child\" data-id=\"bc56398\" data-element_type=\"container\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-c0bff85 elementor-widget elementor-widget-ha-post-title happy-addon ha-post-title\" data-id=\"c0bff85\" data-element_type=\"widget\" data-widget_type=\"ha-post-title.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"ha-post-title elementor-size-default\">Enabling engagement with the Audit Committee<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6223ded elementor-widget elementor-widget-ha-post-info happy-addon ha-post-info\" data-id=\"6223ded\" data-element_type=\"widget\" data-widget_type=\"ha-post-info.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul class=\"ha-inline-items ha-icon-list-items ha-post-info\">\n\t\t\t\t\t<li class=\"ha-icon-list-item elementor-repeater-item-b739cd5 ha-inline-item\" itemprop=\"about\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"ha-icon-list-icon\">\n\t\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-tags\" viewBox=\"0 0 640 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M497.941 225.941L286.059 14.059A48 48 0 0 0 252.118 0H48C21.49 0 0 21.49 0 48v204.118a48 48 0 0 0 14.059 33.941l211.882 211.882c18.744 18.745 49.136 18.746 67.882 0l204.118-204.118c18.745-18.745 18.745-49.137 0-67.882zM112 160c-26.51 0-48-21.49-48-48s21.49-48 48-48 48 21.49 48 48-21.49 48-48 48zm513.941 133.823L421.823 497.941c-18.745 18.745-49.137 18.745-67.882 0l-.36-.36L527.64 323.522c16.999-16.999 26.36-39.6 26.36-63.64s-9.362-46.641-26.36-63.64L331.397 0h48.721a48 48 0 0 1 33.941 14.059l211.882 211.882c18.745 18.745 18.745 49.137 0 67.882z\"><\/path><\/svg>\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"ha-icon-list-text ha-post-info__item ha-post-info__item--type-terms\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"ha-post-info__terms-list\">\n\t\t\t\t<a href=\"https:\/\/essencenetworks.com\/essence\/category\/case-studies\/\" class=\"ha-post-info__terms-list-item\">Case Studies<\/a>\t\t\t\t<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5e5ea3b elementor-widget elementor-widget-text-editor\" data-id=\"5e5ea3b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><\/p>\n<p class=\"wp-block-paragraph\" id=\"top\">Our client, the Chief Audit Executive (CAE) for a New Zealand central government agency was facing the challenge that senior executives were under-engaged with the Audit Commitee. This was a time when there was a change in the Government of the day, and the agency had already committed to a full portfolio of projects.\u00a0<\/p>\n<p><\/p>\n<p><\/p>\n<p class=\"wp-block-paragraph\" id=\"top\">We were commissioned by the CAE to systematically review the Risk &amp; Assurance framework and in that context, analyse key risks and to assist the CAE in shaping the engagement of the Executive Leadership Team with the Audit Commitee.<\/p>\n<p><\/p>\n<p><\/p>\n<p class=\"wp-block-paragraph\" id=\"top\">We examined the public policy and organisational context and independently analysed the sources of information. We then applied the ISO 31000 Risk Management framework. On that basis, developed design-led deliverables that enabled the CAE to comprehensively engage the audit committee with the Executive Leadership team. This won prioritised actions to protect the agency and better execute on its new policy priorities.\u00a0<\/p>\n<p>Please contact us to discuss this case study.<\/p>\n<p>\u00a0<\/p>\n<p><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-223b7e4 elementor-widget elementor-widget-button\" data-id=\"223b7e4\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/essencenetworks.com\/essence\/our-approach\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">EXPLORE - OUR UNIQUE APPROACH TO GETTING RESULTS<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-514fcae e-con-full e-flex e-con e-child\" data-id=\"514fcae\" data-element_type=\"container\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-f511f61 elementor-widget elementor-widget-sidebar\" data-id=\"f511f61\" data-element_type=\"widget\" data-widget_type=\"sidebar.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<li id=\"search-2\" class=\"widget widget_search\"><h2 class=\"widgettitle\">Search<\/h2>\n<form role=\"search\" method=\"get\" class=\"search-form\" action=\"https:\/\/essencenetworks.com\/essence\/\">\n\t\t\t\t<label>\n\t\t\t\t\t<span class=\"screen-reader-text\">Search for:<\/span>\n\t\t\t\t\t<input type=\"search\" class=\"search-field\" placeholder=\"Search &hellip;\" value=\"\" name=\"s\" \/>\n\t\t\t\t<\/label>\n\t\t\t\t<input type=\"submit\" class=\"search-submit\" value=\"Search\" \/>\n\t\t\t<\/form><\/li>\n\n\t\t<li id=\"recent-posts-2\" class=\"widget widget_recent_entries\">\n\t\t<h2 class=\"widgettitle\">RECENT POST<\/h2>\n\n\t\t<ul>\n\t\t\t\t\t\t\t\t\t\t\t<li>\n\t\t\t\t\t<a href=\"https:\/\/essencenetworks.com\/essence\/audit-committee-engagement\/\">Enabling engagement with the Audit Committee<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t<li>\n\t\t\t\t\t<a href=\"https:\/\/essencenetworks.com\/essence\/controlling-compliance-costs-key-areas\/\">Controlling compliance costs : Key Areas<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t<li>\n\t\t\t\t\t<a href=\"https:\/\/essencenetworks.com\/essence\/the-economic-case-for-standards\/\">The economic case for standards<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t<li>\n\t\t\t\t\t<a href=\"https:\/\/essencenetworks.com\/essence\/flood-risk-in-the-hutt-valley-and-climate-change-response\/\">Flood Risk in the Hutt Valley and Climate Change response<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t<li>\n\t\t\t\t\t<a href=\"https:\/\/essencenetworks.com\/essence\/regulatory-compliance-design-and-enabling-business-transformation-for-insurance-firm\/\">Designing for Change &#8211; enabling Business Transformation for Health Insurance Firm<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t<\/ul>\n\n\t\t<\/li>\n<li id=\"custom_html-2\" class=\"widget_text widget widget_custom_html\"><h2 class=\"widgettitle\">WHAT OUR CLIENTS SAY<\/h2>\n<div class=\"textwidget custom-html-widget\">\r\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\" style=\"font-size:16px\">\r\n<p class=\"wp-block-paragraph\"><strong>\"Essence Networks won the confidence of the business by explaining complex issues in an easy to understand manner.\"<\/strong><\/p>\r\n<cite>Group Manager, Leading Central Government Agency, NZ<\/cite><\/blockquote>\r\n\r\n\r\n\r\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\" style=\"font-size:16px\">\r\n<p class=\"wp-block-paragraph\"><strong>\"\u2026 excellent work!\"<\/strong><\/p>\r\n<cite>Manager, Risk &amp; Assurance, Leading Insurance Firm, NZ<\/cite><\/blockquote>\r\n\r\n\r\n\r\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\" style=\"font-size:16px\">\r\n<p class=\"wp-block-paragraph\"><strong>\"\u2026 identified risks early for our core financial system and helped us take corrective action.\"<\/strong><\/p>\r\n<cite>Manager, IT Enterprise Architecture Group, Leading Insurance Firm, NZ<\/cite><\/blockquote>\r\n\r\n\r\n\r\n<blockquote class=\"wp-block-quote is-style-default is-layout-flow wp-block-quote-is-layout-flow\" style=\"font-size:16px\">\r\n<p class=\"wp-block-paragraph\"><strong>\"\u2026 simply cost effective and elegant.\"<\/strong><\/p>\r\n<cite>CTO, HiTech startup, USA<\/cite><\/blockquote>\r\n<\/div><\/li>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Enabling engagement with the Audit Committee Case Studies Our client, the Chief Audit Executive (CAE) for a New Zealand central government agency was facing the challenge that senior executives were under-engaged with the Audit Commitee. This was a time when there was a change in the Government of the day, and the agency had already [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24],"tags":[41,40,13,26,39,18],"class_list":["post-2079","post","type-post","status-publish","format-standard","hentry","category-case-studies","tag-assurance","tag-audit","tag-erm","tag-governance","tag-public-policy","tag-risk-management"],"_links":{"self":[{"href":"https:\/\/essencenetworks.com\/essence\/wp-json\/wp\/v2\/posts\/2079","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/essencenetworks.com\/essence\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/essencenetworks.com\/essence\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/essencenetworks.com\/essence\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/essencenetworks.com\/essence\/wp-json\/wp\/v2\/comments?post=2079"}],"version-history":[{"count":97,"href":"https:\/\/essencenetworks.com\/essence\/wp-json\/wp\/v2\/posts\/2079\/revisions"}],"predecessor-version":[{"id":2755,"href":"https:\/\/essencenetworks.com\/essence\/wp-json\/wp\/v2\/posts\/2079\/revisions\/2755"}],"wp:attachment":[{"href":"https:\/\/essencenetworks.com\/essence\/wp-json\/wp\/v2\/media?parent=2079"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/essencenetworks.com\/essence\/wp-json\/wp\/v2\/categories?post=2079"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/essencenetworks.com\/essence\/wp-json\/wp\/v2\/tags?post=2079"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}