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With the continued proliferation of global regulations and increased public scrutiny of corporate behavior, assurance functions are on the rise. Companies have made significant investments in assurance programs (e.g., compliance, information security, quality) and control systems. A conservative estimate of the median company’s total assurance budget is 1.4 percent of total revenue (and that figure does not account for corporate spend on consultants, external audit, or assurance-related IT systems). These investments are made to identify and manage the operational, compliance and reputational risks that affect an enterprise’s financial results and brand value.

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