Principle 1: Governance<\/p>\n Governance of an organization requires appropriate structures and processes that enable: accountability, actions, assurance and advice<\/p>\n <\/p>\n Principle 2: Governing body roles<\/p>\n The governance body ensures the availability of appropriate structures and processes, compliance of institutional objectives and activities with the interests of stakeholders, compliance with legal regulations and ethical expectations. Assign responsibilities to management and provide resources. Establish and oversee the internal audit function.<\/p>\n <\/p>\n Principle 3: Management and first and second line roles<\/p>\n First line roles are most directly aligned with the delivery of products and\/or services to clients of the organization, and include the roles of support functions2. Second line roles provide assistance with managing risk.<\/p>\n <\/p>\n Principle 4: Third line roles<\/p>\n Internal audit provides independent and objective assurance and advice on the adequacy and effectiveness of governance and risk management.<\/p>\n <\/p>\n Principle 5: Third line independence<\/p>\n Internal audit\u2019s independence from the responsibilities of management is critical to its objectivity, authority, and credibility.<\/p>\n <\/p>\n Principle 6: Creating and protecting value<\/p>\n All roles working together collectively contribute to the creation and protection of value when they are aligned with each other and with the prioritized interests of stakeholders<\/p>\n <\/p>\n Detailed information can be found at the link below.<\/p>\n https:\/\/na.theiia.org\/about-ia\/PublicDocuments\/Three-Lines-Model-Updated.pdf<\/a><\/p>\n![\"\"](\"https:\/\/teolupus.com\/wp-content\/uploads\/three-lines-model-updated-1.jpg\" "\\"\\"")
<\/a><\/p>\nPr\u0131nc\u0131ples Of The Three L\u0131nes Model<\/h2>\n