The IIA released its Three Lines Model in July 2020 as an update to the highly-regarded Three Lines of Defence Model promulgated in 2013. Many practitioners either love it or hate it, while others (including this author) vacillate between the two states.
The IIA released its Three Lines Model in July 2020 as an update to the highly-regarded Three Lines of Defence Model promulgated in 2013. Many practitioners either love it or hate it, while others (including this author) vacillate between the two states.
Internal Audit’s value lies in helping organisations manage risks effectively. Ironically, how does one then prove and quantify the benefits from risk events that have been averted? Just as the modern-day auditor has to be multi-faceted in his/her training and competencies, so does the value of internal audit. This article discusses the different intrinsic values found in internal audit.