KnowledgeLeader Blog

Combined Assurance and the "One Audit Model" at BHP Billiton

Posted by Sharise Cruz on Wed, Sep 11, 2013 @ 11:59 AM

bhpbillitonlogo

The benefit to collaboration is that we get a cross-pollination of skills and insights. Through our quality assurance processes, we control our final output – the audit report – to make sure both consistency and objectivity are maintained” 

– Stefano Giorgini, BHP Billiton

Publicly listed in Australia, the United Kingdom and the United States, BHP Billiton is a leading global natural resources company with more than 100 locations throughout the world and over 100,000 employees and contractors. BHP Billiton consists of five major businesses and 18 group functions - one of which is Group Risk Assessment & Assurance (GRA&A). In this profile, Stefano Giorgini, head of Group Risk Assessment and Assurance at BHP Billiton, outlines the following benefits to collaborating across the organization:

  • Plan and coordinate activities to avoid duplication of effort

  • Develop a standardized method for assessing and rating a process against controls

  • Robust action-tracking and closeout procedures

  • Deliver audit and assurance insights across a broad range of business, operational and technical processes

 

Read and download the entire profile:

Tags: training & development, internal audit, risk assessment, performer profiles, audit committee & board, audit planning, combined assurance, collaboration

Subscribe To Our Blog

About KnowledgeLeader

KnowledgeLeader, provided by Protiviti, is the premier resource for internal audit and risk management professionals.

With over 1,400 customizable tools and 1,300 articles by industry experts, we offer the most comprehensive service on the market.

For more information:

View Our Site Tour