Beyond the three lines of defense: The five lines of defense model for financial institutions
The purpose of this study is to provide an updated version of the widely accepted three lines of defense model (3LoD) to better apply for regulated financial institutions. The author proposes the five lines of defense model (5LoD) which consists of the existing three lines along with external audit...
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| Format: | Article |
| Language: | English |
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ACRN Publishing
2021-06-01
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| Series: | ACRN Journal of Finance and Risk Perspectives |
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| Online Access: | https://www.acrn-journals.eu/resources/jofrp10f.pdf |