Third line of defence
From ACT Wiki
Jump to navigationJump to search
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.
