The Institute of internal Auditors Philippines, Inc.

The Institute of Internal Auditors (IIA) Philippines is a professional organization dedicated to the advancement of the internal audit profession in the country. Our members, who work in internal auditing, risk management, governance, internal control, information technology audit, education and security, came from various industry or sectors in the Philippines and belong to a global network of almost 200,000+ professionals from more than 170 countries and territories sharing a common vision of a global profession of internal auditing.

The Institute of Internal Auditors Philippines Inc. (IIAP) was registered with SEC in 1982 and formerly known as The Institute of Internal Auditors, Inc. – Manila Chapter. It was founded on August 14, 1948 by Mr. Santiago F. Dela Cruz Sr. along with a small group of accountants actively engaged in the profession. Mr. Dela Cruz, who is considered to be the moving spirit of the association, is the same man who, two years earlier than IIAP, co-established the Philippine College of Commerce and Business Administration (PCCBA) which we now know as the University of the East.

The IIAP despite some struggles during its formative years was able to attain full-fledged stature as a professional association upon earning its “Institute” status from The Institute of Internal Auditors (IIA Global) in 1990. At the time, IIAP is 1 of the 6 (six) chapters in the Pacific Region (others were in Bombay, Tokyo, Sydney, Melbourne and Ceylon). On its 75th Anniversary Celebration and Global Business Meeting last 16-17 July 2016 at New York Hilton Midtown, the IIAP was acknowledged as the 3rd Chapter organized by the IIA Global since the latter’s founding in 1941 still then headquartered in New York City, USA

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Thei Parungao

training@iia-p.org

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Event Details

In January 2019, The Institute of Internal Auditors launched a review of the Three Lines of Defense in Effective Risk Management and Control, which was contained in an IIA Position paper released in January 2013. The primary reason for this review was that the description of internal audit as the third line of defense had become outmoded and incompatible with the IPPS definition of the Mission of Internal Audit: To enhance and protect organizational value by providing risk-based and objective assurance, advise, and insight.

In September 2020, the IIA introduced the revised model, now called The Three Lines Model. The update was intended to address the criticisms raised on the 2013 model, which has its origins in 1996 and formally adopted by ECIIA/FERMA in its EU Directive 2011.


This 3-hour webinar intends to provide participants with basic knowledge of the Three Lines Model. For a better understanding, the session with start with a brief discussion of the results of the IIA review of the 2013 Model and how the new 2020 Model addresses the former model's identified shortcomings. The session will explain the meaning behind the new graphics, the 6 Principles it embodies, the key roles and relationships among the roles, and the implications that it brings when applying the 2020 Model.


Webinar Outline

  • Introduction: Objectives, Topics, Linkage to the IA Competency Framework
  • Revisit of the Original 2013 Model
  • The Need for Change: Results of the Review by the Working Group
  • The Transition: Comparing the 2013 and 2020 Model
  • The Three Lines Model

· Anchoring on Governance

· The Six Principles

· The Key Roles & Relationships Among the Core Roles

· Application and Implications

  • Conclusion

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