Text book: Internal Auditing: Assurance & Advisory Services, Fourth Edition

Chapter 3 - Governance

What role does the internal audit function play in governance? 9 In addition to the internal audit function, what other internal functions may provide independent assurance to the board or senior management? 10. What are the three lines of defense in the Three Lines of Defense model? What is a combined assurance model? Why do some organizations use such models? 11. 12. What are some key U.S. regulations that have been written in response to adverse business events