Route a Risk Through the Three Lines
Apply the Three Lines model to a control weakness without role confusion.
Control moment An inventory count adjustment is late, operations wants finance to fix it, risk wants a new policy, and internal audit asks for evidence. Everyone is near the risk; not everyone has the same role. The path matters because each choice changes assurance and operating speed. IIA Three Lines Model The Three Lines model separates management ownership, risk/control challenge, and independent assurance. First line owns and operates the risk response. Second line sets methods, monitors, and challenges. Third line provides independent assurance. A control decision is strong when the next owner and proof are obvious. Shortcut Treat the symptom…
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