Transcription of THE IIA’S THREE LINES MODEL
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THE IIA’S THREE LINES MODEL
THE IIA S THREE LINES MODEL An update of the THREE LINES of Defense Table of Contents Introduction .. 1 Principles of the THREE LINES MODEL .. 2 Principle 1: Governance .. 2 Principle 2: Governing body roles .. 2 Principle 3: Management and first and second line roles .. 3 Principle 4: Third line roles .. 3 Principle 5: Third line independence .. 3 Principle 6: Creating and protecting value .. 3 Key roles in the THREE LINES MODEL .. 5 The governing body .. 5 Management .. 5 Internal audit .. 6 External assurance providers .. 6 Relationships among core roles .. 7 Between the governing body and management (both first and second line roles) .. 7 Between management (both first and second line roles) and internal audit .. 7 Between internal audit and the governing body .. 8 Among all roles .. 8 Applying the MODEL .
The Three Lines Model helps organizations identify structures and processes that best assist the achievement of objectives and facilitate strong governance and risk management. The model applies to all organizations and is optimized by:
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