Marc Eulerich

• The TLoD-Model efficiently positions internal auditing as an important corporate
governance institution and visualizes the performance of the internal and external
auditing
• Central elements of the TLoD-Model are:
• Classic operative controls
• Internal control
• Risk-management and compliance
• Internal auditing
• Stakeholders
The Three-Lines-of-Defense-Model
• In combination with the supervisory board and the audit committee this structure forms
the internal governance-structure of the corporation
• In combination with the external Auditors and the audit committee
this structure forms the whole governance-structure
of the corporation
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