How do you measure and report on the value and impact of audit and assurance activities to the board? - Define the value proposition

It's very important to figure out what makes your organization valuable before judging how audit and assurance activities affect it. You need to know what value means to your organization and board, like following rules, improving things, or changing for the better. It's important to match your audit goals and how you do things with what the board wants and the challenges they face. You also need to make a clear and steady statement about how audit and assurance activities help your organization reach its goals and stay true to its beliefs. By doing this, you can ensure your audit and assurance efforts help your organization succeed. Figure out and fine-tune your value statement to make sure it lines up with what you want to achieve.