Three lines of defense was the old name and new name with revised version is 3 lines model issued by IIA. The term has changed with more explanation to understand. Internal Audit remains in 3rd line as previously so are the other functions
One important aspect of the new revised Three Lines Model is the removal of the word 'defense'. This is to highlight the focus on meeting objectives, which entails both proactive (value creation) and reactive (value protection and risk-reduction) risk-based thinking. It provides a good framework for implementing an ISO9001 QMS.
Excellent summary of the TLM
This is a very good summation of the updated Three Lines Model, and how it effectively adds value to an organisation. Thank you!
good evening sir, may i ask? what is the different between Three lines model vs Three lines of defense especially in internal audit? thank you
Three lines of defense was the old name and new name with revised version is 3 lines model issued by IIA. The term has changed with more explanation to understand. Internal Audit remains in 3rd line as previously so are the other functions
One important aspect of the new revised Three Lines Model is the removal of the word 'defense'. This is to highlight the focus on meeting objectives, which entails both proactive (value creation) and reactive (value protection and risk-reduction) risk-based thinking. It provides a good framework for implementing an ISO9001 QMS.