What is the role of the Second Line in the Lines of Accountability Model?

The Second Line is responsible for conducting external audits and providing assurance to stakeholders

The Second Line is responsible for making strategic decisions and setting the overall direction of the organization, deciding on objectives and issuing decision-making guidance

The Second Line establishes performance, risk, and compliance programs for the First Line, and provides oversight through frameworks, standards, policies, tools, and techniques

The Second Line focuses on the day-to-day operational activities of the organization to address risk and compliance requirements