The IIA's Three Lines Model: An Update of the Three Lines of Defense¶
Institute of Internal Auditors. (2020). The IIA's Three Lines Model: An Update of the Three Lines of Defense: An Update of the Three Lines of Defense.
Cited by¶
1 citation across 1 artifact.
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Primes¶
- Swiss Cheese Model (Layered Defense with Aligning Holes)
- In financial risk controls, position limits, risk-manager veto, internal and external audit, and regulators stack as leaky layers, with major fraud cases reading as alignment under correlated holes.
This sourceOperational management, risk/compliance functions, and internal audit as stacked 'lines of defense' against governance and control failures — leaky defensive layers in financial-risk governance.
- In financial risk controls, position limits, risk-manager veto, internal and external audit, and regulators stack as leaky layers, with major fraud cases reading as alignment under correlated holes.
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