Sort Three Lines responsibilities
Classify common governance activities into first-line, second-line, and third-line responsibilities.
Sort each activity by its primary Three Lines responsibility. First line - management owns and operates Second line - oversight and challenge Third line - independent assurance Run the daily cash reconciliation and resolve exceptions Define the minimum reconciliation control standard Test whether the control operated effectively after two monthly cycles Accept residual risk for overdue low-value exceptions inside appetite Monitor aged exceptions and challenge overdue remediation Report independent assurance results to the audit committee
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