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The "Three Lines of Defense" model is one of the important tools for understanding and implementing risk management in companies. The first line in this model includes:
Suggested Answer: B
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17 comments · newest first
CL
Clay
23 days ago
Yes, A is the clear choice for the first line.
AN
Antonio
28 days ago
Maybe, but A is more direct.
RA
Raylene
1 month ago
True, but I still feel B has a role in the first line.
CL
Clay
1 month ago
Exactly! Internal controls are the foundation.
AN
Antonio
1 month ago
Not really, risk management is broader. Controls are specific actions.
RA
Raylene
2 months ago
But what about B) Risk management? Isn't that also part of the first line?
CL
Clay
2 months ago
I agree, A makes sense. Controls are essential for managing risks.
AN
Antonio
2 months ago
I think it's A) Internal control procedures. They are the first line.
PE
Pearline
2 months ago
I thought quality was more important in the first line!
JO
Jospeh
2 months ago
B) Risk management is actually part of the second line, not the first.
IL
Ilda
2 months ago
Wait, are we sure about that? Seems too simple.
HE
Hermila
3 months ago
Totally agree, that's the foundation of the model.
LI
Lindsey
3 months ago
A) Internal control procedures is correct!
VE
Veronica
3 months ago
I’m pretty certain it’s A, but I wonder if they could try to trick us by including risk management as an option.
ME
Melodie
3 months ago
I feel like risk management could also fit in there, but I lean towards internal controls being the first line.
VO
Von
3 months ago
I remember practicing a question like this, and I think it was definitely A) Internal control procedures.
CO
Corrina
4 months ago
I think the first line of defense is about internal control procedures, but I'm not completely sure.