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Three Lines of Defense:
Five Problems with the IIA’s June 2019 Exposure Document (Third in series)
September 15, 2019
The Institute of Internal Auditors (IIA) published “the Three Lines of Defense in Effective Risk Management and Control” in 2013. The “3LOD” model was successful – likely beyond the IIA’s wildest dreams – and has been adopted by countless organizations worldwide. It attracted its share of commentary and detractors as well. The IIA published an exposure document as part of an effort to update the original, slim seven-page position paper to meet current needs. Comments are due September 19, 2019. In short, the exposure document is a disappointment. Five shortfalls are highlighted below.