Which of the following is true regarding internal audit role's in The IIA's Three Lines Model?

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Sergey Aleksandrov · Accepted Answer

Internal audit should be aligned with first- and second-line functions through effective communication, cooperation, and collaboration.

Sergey Aleksandrov · Answer

As internal control is part of risk management, the internal audit role in risk management implies reduced emphasis on internal control.

Sergey Aleksandrov · Answer

Internal audit can blur the distinction between the second and the third lines as long as value is added.

Sergey Aleksandrov · Answer

Internal audit cannot rely on other assurance providers when opining on the effectiveness of risk management.

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