CRMA - The 3 lines of Defense Model

Описание к видео CRMA - The 3 lines of Defense Model

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The 3-lines of Defense Model is an essential concept in risk management and assurance, which is a fundamental part of the Certification in Risk Management Assurance (CRMA) certification from the Institute of Internal Auditors (IIA). The model involves defining roles and responsibilities for risk management across three lines of defense: operational management, risk management, and internal audit. The first line involves identifying and managing risks, the second line is responsible for implementing risk management policies and procedures, and the third line is accountable for providing assurance on the effectiveness of the risk management system. The 3-lines of Defense Model is crucial for maintaining effective risk management and providing assurance to stakeholders.

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