Business managers who are responsible for establishing an appropriate risk and control environment are the first line of defence against risk exposure in an organisation. Risk management, which is regarded as the second line of defence, involves oversight over business processes and risks and the implementation of adequate risk policies and procedures. Discuss the third line of defence of an organisation against risk exposure in detail.

Answer rating: 100% (QA)

The third line of defense in an organizations risk management framework is Internal Audit The Internal Audits function is to provide independent assur... View the full answer