Exception Handling Process and Internal Audit
Recently IIA has re-named the Three Lines of Defence Model as Three Lines Model. This is done to recognise that ‘defence’ indicating value protection, which does not justify the value enhancement role played by Internal Audit.
As an Internal Auditors we frown upon the exceptions, whereas exceptions are the risk that any process carry.
Do you think that a process which has the “exception handling process” which enhance the internal control environment?
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