A recent poll of 155 audit, risk, legal, and compliance professionals found that while most respondents intend to adopt the Institute of Internal Auditors’ new “Three Lines Model” and don’t expect significant change, they see their biggest adjustment as the new model’s emphasis on coordination to elude siloed thinking.
That was just one key takeaway from the survey that gauged how the compliance space feels about the new Three Lines Model. A revamped and modernized version of the IIA’s widely adopted “Three Lines of Defense Model,” the new version, unveiled July 20, is intended to reflect the evolving role of risk management and to encourage greater collaboration between business functions in a way the previous model did not.
