https://www.taxtmi.com/news?id=27662 The remarks stress that robust assurance functions-risk, compliance and internal audit-must address third party dependencies, cybersecurity, and customer conduct, using operational risk frameworks built on Prepare and Protect, Build Resilience and Learn and Adapt. They advocate moving from siloed Three Lines of Defense arrangements to a Combined Assurance Model with a common risk universe, aligned taxonomies and scoring, proactive business risk orientation, senior management commitment to risk culture, and upskilling to enable ex ante assurance. en-us Tue, 23 Jul 2024 09:42:50 +0530 Tue, 23 Jul 2024 09:42:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=27662 The remarks stress that robust assurance functions-risk, compliance and internal audit-must address third party dependencies, cybersecurity, and customer conduct, using operational risk frameworks built on Prepare and Protect, Build Resilience and Learn and Adapt. They advocate moving from siloed Three Lines of Defense arrangements to a Combined Assurance Model with a common risk universe, aligned taxonomies and scoring, proactive business risk orientation, senior management commitment to risk culture, and upskilling to enable ex ante assurance. News - Tue, 23 Jul 2024 09:42:50 +0530 https://www.taxtmi.com/news?id=27662