Third line of defence: Difference between revisions
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imported>Doug Williamson (Added Audit to See also) |
imported>Doug Williamson (Plural and quote marks.) |
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The first, second and third lines of defence are identified by the Bank of England in relation to establishing and defending fair and effective markets. | The first, second and third lines of defence are identified by the Bank of England in relation to establishing and defending fair and effective markets. | ||
These | These 'lines of defence' are the governance and controls to protect against risks in an organisation. | ||
Revision as of 10:37, 5 August 2015
The first, second and third lines of defence are identified by the Bank of England in relation to establishing and defending fair and effective markets.
These 'lines of defence' are the governance and controls to protect against risks in an organisation.
The third line of defence is an independent assurance function - the internal audit function.
