PODCAST

The IIA’s Three Lines model

Emad Bibawi and Francis Nicholson discuss recent updates to the model and how organizations can optimize the new approach.

Emad Bibawi

Emad Bibawi

Partner, Advisory, Internal Audit & Enterprise Risk, KPMG US

+1 212-954-2033

For more than two decades, companies around the world have implemented the Three Lines model to create a foundation for strong risk management. When applied properly, the model creates dialog and analysis that prevents companies from overlooking risk factors, allowing them to be proactive in managing organizational risk.

Francis Nicholson, Vice President of Global Relations for the Institute of Internal Auditors, sat down with Emad Bibawi, KPMG’s New York Advisory Market Leader and Internal Audit Partner, to discuss recent updates to the model and how organizations can optimize the new approach.

They talk about:

  • how the old model tended to create a false sense of security and drive siloed work
  • the benefits of the new model being principles-based and the greater degree of freedom and flexibility it provides
  • the importance of the model’s focus on accountability, actions, and assurance.

Presenters

Emad Bibawi

Emad Bibawi

Partner, Advisory, Internal Audit & Enterprise Risk, KPMG US

Francis Nicholson

Francis Nicholson

CIA, QIAL, CRMA, Vice President of Global Relations, The Institute of Internal Auditors (IIA)

Related insights

Some or all of the services described herein may not be permissible for KPMG audit clients and their affiliates or related entities.