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Map the following terms to their location in the three lines of defense model shown in the accompanying figure. Term Location Second line of defense
Map the following terms to their location in the three lines of defense model shown in the accompanying figure.
Term
Location
Second line of defense
Board of directors
Managing risk
External audit
Regulators
Support on riskrelated matters
Third line of defense
Internal audit
Risk management and compliance
First line of defense
Management
Independent advice
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Managerial Accounting
Authors: James Jiambalvo
4th edition
9780470546888, 9780470333341, 470546883, 470333340, 978-0470578797
