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CPEs: 24
Instructor: Dennis Cox
Level: Intermediate
Tuition: £2,456.00
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NEW The Revised Three Lines Model and the Changing Role of Compliance IA3L

Location: UK EU MENA GCC time zones

First Date: Oct 10 - 12 2022

Duration: 3 days

Programme Director: Dennis Cox

All Dates & Locations
Venue Details

Experience the highly-interactive expert-led social learning through Virtual Classroom via Cisco WebEx from Risk Reward.

All our 2022 Virtual Classroom events feature shared (or discrete) live chat between delegates and the expert, participate in topical surveys, polling questions, group exercises and case studies for a tried -and- true engaging and gratifying learning experience.

Need to bring this course in-house, and/or face-to-face? Simply contact us for significant cost savings and dates to best suit your professional development and business goals.

Agenda Highlights

Session 1: Principles of the IIA 3 Lines Model

Session 2: Governance within the 3 Lines Model

Session 3: Governing Body Roles and Responsibilities

Session 4: Management and 1st and 2nd line Roles

Session 5: Risk Management and the 3 Lines Model

Session 6: Compliance and the 3 Lines Model

Session 7: The 3rd Line and Independence

Session 8: Relationships among Key Roles

 

Overview

Organizations need to implement effective structures and processes to enable the achievement of objectives,
while supporting strong governance and risk management. As the governing body receives reports from management on activities, outcomes, and forecasts, both the governing body and management rely on the 2nd and 3rd
lines to provide challenge, assurance and advice on all matters and to promote and facilitate innovation and
improvement.

The governing body is ultimately accountable for governance, which is achieved through a framework of actions
and behaviours. The Institute of Internal Auditors in July 2020 published their revised paper on the 3 lines model
replacing the previously well-known and used 3 lines of defence. The revised Three Lines Model helps organizations identify structures and processes that best assist the achievement of objectives and facilitate strong governance and risk management.

This course takes delegates systematically through each of the revised requirements to enable them to consider
the actions that they would need to take in practice

Who Should Attend

Senior Management, Risk Management, Business Unit Management, Internal Control, Compliance and Internal, Audit Staff and Management

Additional Course Information

What Does It Cover?

Session 1: Principles of the IIA 3 Lines Model

  • Goals and intentions
  • How it adds value
  • Background
  • Key elements
  • Major changes from previous 3 Lines of Defence paper
  • What this means for a firm
  • The 3 lines in action

Session 2: Governance within the 3 Lines Model

  •  Roles of governance
  • Clarity and ownership
  • Accountability
  • Actions
  • Assurance and advice
  • Monitoring and reporting

Session 3: Governing Body Roles and Responsibilities

  • Definitions
  • Responsibilities
  • Objectives and activities
  • Committee and charters
  • Provision of information
  • What really matters to the Board?
  • What are the current concerns?
  • How are these being addressed?

Session 4: Management and 1st and 2nd line Roles

  • Structure and governance
  • The principle and guidance
  • Reporting and information
  • Embedding within the first line
  • Implications for business unit management
  • Changing reporting structures
  • Building expertise into the 1st line
  • The true responsibilities of the 2nd line
  • What should be included?
  • What is their role?

Session 5: Risk Management and the 3 Lines Model

  • How does risk management change
  • Embedding within the 1st line
  • Aligning responsibilities to strategy
  • Exception based escalation
  • Integrated risk management

Session 6: Compliance and the 3 Lines Model

  • The changing role of compliance
  • The breadth of responsibility
  • Alignment with risk management
  • Embedding compliance within the organisation
  • Compliance monitoring and reporting
  • Added value compliance

Session 7: The 3rd Line and Independence

  • The principles and guidance
  • Roles and relationships
  • What does this mean for internal audit?
  • What can and cannot be undertaken?
  • The changing role is a balance
  • Dealing with advice and consultancy

Session 8: Relationships among Key Roles

  • The principle and guidance
  • Internal Audit, Compliance and Risk Management
  • 1st and 2nd line
  • Building this together into a formal structure
  • Reporting and management
  • Practical applications

END

Learning Objectives

By the conclusion of this event delegates will have gained specialist technical and behavioural knowledge, approaches and techniques plus a thorough understanding of:

  • Governance
  • Governing Body Roles
  • Management and the 1st and 2nd Lines
  • 3rd Line Roles
  • 3rd Line Independence
  • The Changing Role of Compliance
  • Key Roles in the 3 Lines Model
  • Relationship Among Core Roles
  • Applying the Model in Practice
Social Learning & Methods

Highly interactive expert-led intensive presentation, Q&A, group real-time in-depth case studies, audit writing programmes, regulation and discussion supported by key principles and theory.

The virtual learning platform uses safe, industry preferred encrypted learning platform to optimize live face-to-face visual interaction, discrete chat, for polling and quizzes.

(An invitation via email with access link is included for all
participants.)

Registration

NEW The Revised Three Lines Model and the Changing Role of Compliance

Course Fee

Course Fee (per person):
GBP £2,456.00 (+ UK VAT when applicable)

Number of delegates:

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