Combined Assurance and its Role in Organisational Performance: A Case Study on Risk Professionals’ Perspective in South Africa
| dc.contributor.author | Kekana, Lebogang Nkhokhola | |
| dc.contributor.supervisor | Sieff, Grant | |
| dc.date.accessioned | 2024-08-06T09:59:57Z | |
| dc.date.available | 2024-08-06T09:59:57Z | |
| dc.date.issued | 2023 | |
| dc.description | A research article submitted to the Faculty of Commerce, Law and Management, University of the Witwatersrand, in partial fulfillment of the requirements for the degree of Master of Business Administration Johannesburg, 2023 | |
| dc.description.abstract | South Africa has been in the spotlight for its poor governance practices even though various laws, regulations, and frameworks are in place to guide how business should be conducted. Oversights committees, especially the board of directors are tasked with the governance of risk and achievement of organisational goals. Combined assurance is used as one of the tools to promote efficient risk management and mitigate against poor control environment and governance processes. Regardless of legislation and governance frameworks providing direction and tasking the three lines of defense with clear assurance responsibilities, the South African public and private sectors are in shambles. This study aimed to understand combined assurance and its role on organisational performance from the second line of defense perspective. The impact of combined assurance on organisational performance, as well as the influence of combined assurance drivers and the three lines of defence on organisational performance has been assessed in this study. The research project followed a quantitative research design. Data was collected through a structured survey questionnaire using Qualtrics. The survey questionnaire was distributed to risk professionals within South African boundaries in both the public and private sector via e-mail.44 participants (37%) of the targeted 120 risk professional have responded to the survey. The study found that the alternative hypothesis being that effective combined assurance seems to contribute positively to organisational performance is accepted. In addition, the study found that the alternative hypothesis being that the drivers of combined assurance seem to be associated with positive organisational performance is accepted. The study further revealed that the alternative hypothesis being that effective three lines of defense contributes positively to organisational performance. The study contributed to the body of knowledge by providing the perspective of the second line of defence on combined assurance and how it impacts organisational performance. | |
| dc.description.submitter | MM2024 | |
| dc.faculty | Faculty of Commerce, Law and Management | |
| dc.identifier.citation | Kekana, Lebogang Nkhokhola. (2023). Combined Assurance and its Role in Organisational Performance: A Case Study on Risk Professionals’ Perspective in South Africa [Master’s dissertation, University of the Witwatersrand, Johannesburg]. WireDSpace.https://hdl.handle.net/10539/39994 | |
| dc.identifier.uri | https://hdl.handle.net/10539/39994 | |
| dc.language.iso | en | |
| dc.publisher | University of the Witwatersrand, Johannesburg | |
| dc.rights | © 2023 University of the Witwatersrand, Johannesburg. All rights reserved. The copyright in this work vests in the University of the Witwatersrand, Johannesburg. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of University of the Witwatersrand, Johannesburg. | |
| dc.rights.holder | University of the Witwatersrand, Johannesburg | |
| dc.school | WITS Business School | |
| dc.subject | Combined Assurance | |
| dc.subject | Three Lines of Defense | |
| dc.subject | Risk Management | |
| dc.subject | Corporate Governance | |
| dc.subject | Organisational Performance | |
| dc.subject | Senior Management | |
| dc.subject | Board of Directors | |
| dc.subject | UCTD | |
| dc.subject.other | SDG-8: Decent work and economic growth | |
| dc.title | Combined Assurance and its Role in Organisational Performance: A Case Study on Risk Professionals’ Perspective in South Africa | |
| dc.type | Dissertation |