Third line of defence: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Plural and quote marks.) |
imported>Doug Williamson (Classify page.) |
||
| (2 intermediate revisions by the same user not shown) | |||
| Line 1: | Line 1: | ||
1. ''Banking''. | |||
The first, second and third lines of defence are identified by the Bank of England in relation to establishing and defending fair and effective markets. | The first, second and third lines of defence are identified by the Bank of England in relation to establishing and defending fair and effective markets. | ||
| Line 5: | Line 7: | ||
The third line of defence is an independent assurance function - the internal audit function. | The third line of defence is an independent assurance function - the internal audit function. | ||
2. | |||
Similar concepts and structures in other organisations. | |||
==See also== | ==See also== | ||
* [[Audit]] | |||
*[[First line of defence]] | *[[First line of defence]] | ||
*[[Second line of defence]] | *[[Second line of defence]] | ||
* [[ | *[[Three Lines of Defence Model]] | ||
[[Category:Manage_risks]] | |||
Latest revision as of 12:31, 2 July 2022
1. Banking.
The first, second and third lines of defence are identified by the Bank of England in relation to establishing and defending fair and effective markets.
These 'lines of defence' are the governance and controls to protect against risks in an organisation.
The third line of defence is an independent assurance function - the internal audit function.
2.
Similar concepts and structures in other organisations.
