Three lines of defence model and the role of internal audit activities as the response to the global economic crisis

Innovative Ideas in Science 2016

Radievi, T. Dragievi^1 ; Trivanovi, M Stojanovi^2 ; Stanojevi, Lj^1

Faculty of Geoeconomics, str. Bulevar umetnosti 29, Belgrade

11070, Serbia^1

Institute for Scientific Research Work, Independent University, str. Veljka Mladenovia 12e, Banja Luka

78000, Bosnia and Herzegovina^2

关键词: Conflict of interest;    Corporate governance;    Economic crisis;    Global economic crisis;    Internal audit;   

Others  :  https://iopscience.iop.org/article/10.1088/1757-899X/200/1/012061/pdf
DOI  :  10.1088/1757-899X/200/1/012061

来源: IOP

【 摘 要 】

The existing framework of corporate governance has shown a number of weaknesses, and the result was a new economic crisis at the global level. The main problems were identified as: increased risk of investors, non-transparency of information, conflict of interest between corporation subjects. European Institute of Internal Auditors in response to the strengthening the trust in information, shareholders activism, better communication, which all will lead to the reduction of risks and restore investors confidence, proposed the Model Three Lines of Defence, where the key role has internal audit.