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 New Position Paper Now Available

The Three Lines of Defense in Effective Risk Management and Control: Is Your Organization Positioned for Success?

130145-PROF-3-Lines-of-Defense-RightRail.pngThe IIA’s position paper, The Three Lines of Defense in Effective Risk Management and Control, addresses how organizations can holistically mitigate risks in a business environment that is continuously growing in complexity. The paper is designed to provide guidance to organizations regardless of their size or the level of formality to their risk management approach. It discusses the uses for risk management frameworks, but more importantly it highlights a critical component that most frameworks do not adequately address; how specific duties should be assigned and coordinated within the organization. By walking readers through the Three Lines of Defense model, the paper provides a straight-forward and effective way to enhance communications on risk management and control by clarifying essential roles and duties