NEW! Global Perspectives & Insights: Internal Audit and Complianceadmin
The new Global Perspectives & Insights, “Internal audit and compliance: Clarity and collaboration for stronger governance,” explains why a clear understanding of roles is critical to effective compliance and independent assurance. The report includes analysis on applying the Three Lines Model’s Six Principles and practical illustrations from practitioners.
- The IIA’s Three Lines Model provides a clear understanding of roles to ensure effective compliance and independent assurance.
- The Three Lines Model’s Six Principles assist in evaluation of the respective roles and responsibilities in an organization.
- Assigning compliance roles should include an analysis of how they align with the Three Lines Model and its Six Principles.
- Despite confusion on compliance roles, one thing must be clear: internal audit is the organization’s sole provider of assurance that is independent from management.