This webinar will provide you with a range of perspectives, setting out the legal and regulatory framework and ethical considerations, alongside practical experience from our experts.
With UK regulators focusing on firms strengthening their internal control frameworks, many firms are assessing the business case for a new or enhanced first line risk and control function.
Our expert speakers Michael Haddon and Abigail Harper will cover the following:
- What is commonly referred to as ‘line 1.5 or 1b’ role
- More effective use of firm-wide resources to manage risk and internal controls, including a more focussed and independent second line
- More consistent and higher quality risk and control self-assessments, including risk events management
- Embedding accountability and ownership where it is needed.
- The pros and cons of establishing or enhancing a Line 1.5
- An overview of what a good Line 1.5 looks like
- The factors needed to ensure the Line 1.5 will deliver value over the longer term
- How an effective Line 1.5 can impact the work of the second line and internal audit.
- Questions throughout the webinar.
Resources
- Watch the recording
- Download the slides
- Why an internal audit function is beneficial to business
- The IIA's three line model
First broadcast 23 January 2025
ICAEW's revised Continuing Professional Development (CPD) Regulations bring in new CPD requirements. This includes a minimum number of hours and an ethics requirement. Watching this webcast could contribute to your verifiable CPD, providing you can demonstrate that the content is relevant to your role.
