THE IIA’S THREE LINES MODEL

Do all the key stakeholders in your organization have a good understanding of the 'Three Lines 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:

- Adopting a principles-based approach and adapting the model to suit organizational objectives and circumstances.

- Focusing on the contribution risk management makes to achieving objectives and creating value, as well as to matters of “defense” and protecting value.

- Clearly understanding the roles and responsibilities represented in the model and the relationships among them.

- Implementing measures to ensure activities and objectives are aligned with the prioritized interests of stakeholders.