Day 1: Understanding the Frameworks and Roles
Session 1: Introduction to the IIA Three Lines Model
- Overview of the IIA Three Lines Model.
- Evolution from the Three Lines of Defense.
- Key principles: governance, management, and assurance.
- Activity: Group discussion on current risk management practices.
Session 2: Roles and Responsibilities in Risk Management
- Differentiating roles:
- First Line: Operational management and control.
- Second Line: Risk oversight and compliance functions.
- Third Line: Independent assurance from internal audit.
- The role of senior management and the board in oversight.
- Activity: Role-playing exercise: Clarifying responsibilities in risk scenarios.
Session 3: Combined Assurance Framework
- Principles of combined assurance.
- Aligning assurance activities to reduce duplication and gaps.
- Effective communication between assurance providers.
- Activity: Case study: Designing a combined assurance framework for a hypothetical organization.
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Day 2: Integration and Application
Session 4: Aligning the Three Lines and Combined Assurance
- Linking the Three Lines Model with combined assurance.
- Creating a unified risk management approach.
- Examples of successful integration.
- Activity: Workshop: Mapping assurance providers to organizational risks.
Session 5: Strengthening Collaboration and Communication
- Building trust and transparency among the three lines.
- Reporting structures and escalation pathways.
- Tools and techniques for improving interdepartmental collaboration.
- Activity: Group exercise: Developing a communication plan for assurance coordination.
Session 6: Practical Applications and Strategic Benefits
- Case studies of Three Lines Model implementation.
- Measuring the effectiveness of combined assurance.
- Leveraging insights for strategic decision-making.
- Activity: Group project: Creating an implementation roadmap tailored to participants’ organizations.
