the three lines of defence: a help or a hindrance · pamela stacey. the three lines of defence...
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The Three Lines of Defence: A Help or a Hindrance?
Cate Smith
Pamela Stacey
The Three Lines of Defence
Control of Risk
MANAGEMENT MONITORING & CONTROLS
First Line of Defence
Oversee, Define & Assess Risk
Setting Risk Management and Internal Controls
Framework
Independent oversight ofDelivery activities
Confirm Control of Risk
BUSINESS MONITORING
Second Line of DefenceThird Line of
Defence
Independent Assurance of Risk
Independent review & assessment of Risk,
Assurance & Internal Control effectiveness
Focus on strategic, enterprise level
activity
INDEPENDENT ASSURANCE
Independent Review ofRisk
Own, Operate & Manage Risk
Assessment, evaluation & control of day-to-day operational activities
Internal ControlsRisk identification &
management
Accountability and Governance
Framework
Communication
The Three Lines of Defence: A Help or a Hindrance?
This presentation was delivered
at an APM event
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