The Institute of Internal Auditors (‘IIA’) published The IIA’s Three Lines Model: An update of the Three Lines of Defense in July 2020, setting out the results of the IIA’s review and refreshing the original Three Lines of Defence Model that was published in January 2013.
The objectives of the new Three Lines Model is to help organisations identify and implement structures and processes that assist in the achievement of organisational objectives and facilitate strong governance and risk management. Here we summarise the changes to the model, the implications and what we have seen one year on since its publication.
Read PKF Director, Samiha Shaikh’s article for further information.
If you have any questions or would like support in implementing or adapting to the new Three Lines Model, please contact our Governance, Risk & Control Assurance team.
