Compare and contrast the three (3) distinct roles that Internal Auditors play in the rollout and management of the Enterprise Risk Management Framework in a company.

C. Background Information

Many organizations have multiple avenues for ensuring that they operate within their risk appetite. Organizations operating in a highly regulated environment, have a need to demonstrate that they have mitigated the many risks that threaten them to a reasonable level. To do so, they implement a technique of assurance layering to get the risk mitigation they need or desire.

One common example of this strategy is the Three Lines of Defense model.

However, this is not the only model. .

(i) Perform research and fully describe the three lines of defense model.

(ii) Identify alternative model(s) of assurance layering other than the Three Lines of Defense model.

(iii) Compare and contrast these model(s). How do they differ? How are they similar? Submit a brief presentation indicating the results of your research to your instructor.