Risk assurance service is provided with the goal of improving information or the context of information so that decision makers can make more informed and better decisions. As businesses expand their operations, there is an increased focus on good governance and risk management in order to protect and create value for all stakeholders. Organisations are operating in a rapidly changing business environment, with increasingly complex regulatory requirement. Hence it is important to maintain trust and confidence. Further with the increased scrutiny of the organizations along with the regulatory requirements, there is a growing need of compliance reporting.