Description
Provide your opinion. Should internal audit coordinate its activities with the second line of defense? What are the benefits? What practices can internal audit introduce to ensure better coordination?
1-2 paragraph is enough. Don't plagiarize and if using any outside resources, please have citations.
Explanation & Answer
Attached. Please let me know if you have any questions or need revisions.
The Three Lines Model
Internal audit should coordinate its activities with the second line of defense. This is usually the
management. Though internal audit should exercise its independence to ensure that it is free
from bias and hindrance, this does not mean that it will work in isolation. The benefits are that
the work done by the internal audit will be relevant. It will also be aligned with the operational
and strategic needs of the organization. It will a...
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