alleryStart learning →Which function is the third line of defence reporting directly to the board?
AInternal audit function
BCompliance function
CTreasury function
DSales management team
Answer & Solution
Correct answer: A. Internal audit function
Internal audit is the third line, reviewing both the first and second lines and giving the board independent assurance.
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Related questions
The second line is separate from delivery but is:Management owns internal control; internal auditors:Strategic planning for internal audit may use which framework?Internal audit's role in enterprise risk management is typically:The Sarbanes-Oxley Act, which raised the profession's profile, dates from:Internal audit scope can include proactive audits to identify:Internal audit is often used as what for future managers?Sawyer urged auditors to focus on which type of auditing?