The Fourth Line in the Lines of Accountability Model refers to the Executive Team, which holds responsibility for organization-wide performance, risk, and compliance.
* Primary Responsibility:
* The Executive Team sets the strategic direction and ensures that governance, risk, and compliance efforts are aligned with organizational objectives.
* Key Activities:
* Overseeing implementation of enterprise-wide policies and controls.
* Ensuring accountability at all levels for performance, risk management, and compliance.
* Why Other Options Are Incorrect:
* A: Procurement is an operational function under the First Line.
* B: HR falls under specific functions, not organization-wide governance.
* C: Compliance is a Second Line responsibility, not the Fourth Line.
References:
* OCEG GRC Capability Model: Discusses roles of the Fourth Line in overall accountability.
* COSO ERM Framework: Highlights the role of executives in enterprise-wide governance.