ERM-131-18: Leveraging COSO Across The Three Lines of Defenses

📖erm-learning-obj-4
📗erm-131-18

#1

Reading Source:
https://www.coso.org/Documents/COSO-2015-3LOD.pdf

Topics Covered in this Reading:

  • Introduction
  • Executive Summary
  • The Three Lines of Defense Model
    • Roles of Senior Management and the Board of Directors in the Three Lines of Defense Model
    • The First Line of Defense: Operational Management
    • The Second Line of Defense: Internal Monitoring and Oversight Functions
    • The Third Line of Defense: Internal Audit
    • External Auditors, Regulators, and Other External Bodies
  • Structuring and Coordinating the Three Lines of Defense
    • Structuring the Three Lines of Defense
    • Coordinating the Three Lines of Defense
  • Leveraging COSO across the Three Lines of Defense
  • Conclusions
    • Key Observations