Many organizations are restructuring responsibiities, ensuring governance and monitoring functions collaborate more closely to avoid duplication. With this change comes an additional weight for the chief audit executive; they may be asked to assume responsibilities for risk management, compliance, and other governance functions. Navigating through this process can be challenging; as a result, this guidance was developed to assist practitioners in making effective decisions regarding roles and responsibilities to assume related governance of risk management and controls.

Internal Audit and the Second Line of Defense offers guidance and recommendations for audit practitioners, especially chief audit executives, to ensure independence and objectivity are not compromised in situations where internal audit may be responsible for second line of defense activities.

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