On “the Third Line of Defense”: The Role of Internal Audit in Banks

Łada Wołoszczenko-Hołda


The article provides an analysis of the ongoing regulatory changes in risk management in credit institutions. We describe internal audit’s new role, as stipulated in the “three lines of defense” model, and the challenges it is currently faced with. We also discuss the possibility of augmenting the model by adding a “fourth line” based on cooperation within the “internal audit – regulator – external audit” triangle.


internal audit in banks; system of risk governance; the “three lines of defense” model

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DOI: http://dx.doi.org/10.17951/h.2017.51.6.495
Data publikacji: 2018-02-27 16:38:29
Data złożenia artykułu: 2017-07-16 23:35:12


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