Description
RSK4801 Assignment 02 2024 COMPLETE ANSWERS (12 JULY 2024) ||| Accurate Answers, References With Clear Explanations! ||| ★★★★★
DOCUMENT PREVIEW:
Three Lines of Defence Diagram
The three lines of defence model is a risk management framework that illustrates the roles and responsibilities of different functions within an organization. It consists of:
First Line of Defence: This includes the operational business units responsible for identifying, assessing, and managing risks on a day-to-day basis.
Second Line of Defence: This involves risk management, compliance, and control functions that oversee and support the first line by establishing policies, procedures, and monitoring processes.
Reviews
There are no reviews yet.