March 27, 2023
Acin named as finalist for RegTech Partner of the Year at the British Banking Awards 2023
The third line of defense is usually internal audit, and its role is to provide independent assurance to stakeholders such as the board of directors, investors and regulators about the robustness of the organization’s operational risk program. A best practice independent review should:
Some firms may consider external audit as part of the third line of defense.