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Coordination challenges in implementing the three lines of defense model

  • The three lines of defense model (TLoD) aims to provide a simple and effective way to improve coordination and enhance communications on risk management and control by clarifying the essential roles and duties of different governance functions. Without effective coordination of these governance functions, work can be duplicated or key risks may be missed or misjudged. To address these challenges,The three lines of defense model (TLoD) aims to provide a simple and effective way to improve coordination and enhance communications on risk management and control by clarifying the essential roles and duties of different governance functions. Without effective coordination of these governance functions, work can be duplicated or key risks may be missed or misjudged. To address these challenges, professional standards recommend that the chief audit executive (CAE) coordinates activities with other internal and external governance stakeholders (assurance providers). We consider survey responses from 415 CAEs from Austria, Germany, and Switzerland to analyze determinants that help to implement the TLoD without any challenges and to explore the extent of (coordination) challenges between the internal audit function and the respective governance stakeholders. Our results show a great variance in the extent of coordination challenges dependent on different determinants and the respective governance stakeholder.show moreshow less

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Metadaten
Author:Ulrich BantleonGND, Anne d'Arcy, Marc Eulerich, Anja Hucke, Burkhard Pedell, Nicole Ratzinger-Sakel
Publisher:Wiley
Year of Publication:2020
Language:English
Tag:Corporate Governance; Internal Audit; Risk Management; Three Lines of Defense
DDC classes:300 Sozialwissenschaften
Parent Title (English):International Journal of Auditing
Issue:Special Issue
ISSN:1099-1123
First Page:1
Last Page:16
Document Type:Article (reviewed)
Open Access:Frei zugänglich
Institutes:Bibliografie
Release Date:2021/01/07
Licence (German):License LogoCreative Commons - CC BY-NC-ND - Namensnennung - Nicht kommerziell - Keine Bearbeitungen 4.0 International
URL:https://onlinelibrary.wiley.com/doi/10.1111/ijau.12201
DOI:https://doi.org/10.1111/ijau.12201