IIA-Australia Factsheet - Integrated Assurance 3 Lines Model

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Author	IIA-Australia
Date	2022
Topics Explored	Governance
Format	Factsheet
Extract/Description	All organisation assurance activities should be visible to the audit committee and senior management, including assessment of their effectiveness. The 3 Lines Model is used to identify the elements of an organisation’s assurance environment. When used in conjunction with assurance maps, a documented 3 Lines Model can help inform the board of directors, audit committee and senior management how well the organisation’s assurance functions are operating.
Key Points	it is important for organisations to get it right when determining the make-up of their assurance environment. It is easy to expend more effort and money than necessary when there is no co-ordinated approach to assurance. The 3 Lines Model is a concept used by organisations to define their assurance environment,
Relevant Industries	All
Level of Assumed Knowledge	Expert