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 .. 9 Structure, roles, and responsibilities .. 9 Oversight and assurance ..10 Coordination and alignment.
Applying the model ... working toward shared goals. Stakeholders - Those groups and ... information needed for risk -based decision making. 1. The language of “first line,” “second line,” and “third line” is retained from the original model in the interests of familiarity.
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