Discover the latest AI resources from IIA, including the new AI Framework Support Tools and AI Prompting for Internal Auditors. Explore practical guidance and tools to support the responsible and effective use of AI in internal audit.

The Institute of Internal Auditors (IIA) has released an updated Statement of Position: The Role of the Internal Audit Function in Enterprise Risk Management (ERM). Issued on behalf of The IIA's Global Board of Directors, Statements of Position present a modern governance framework that reflects today's organisational structures, evolving risk environments and varying levels of organisational maturity.

The refreshed Three Lines Model targets the board as the primary audience and emphasizes accountability and the unique contribution and value of each organizational role to strong governance and risk management. The model provides a modernized governance framework that is adaptable enough to be used in organizations characterized by different structures, risk environments, and maturity levels.