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Anti-Fraud Collaboration

Anti-fraud Collaboration

“Executing the Board’s Governance Responsibility for Integrated Reporting,” a new report by The IIA and IFAC with a contribution from the Value Reporting Foundation, proposes three areas of practice that should be widely adopted so boards of directors can strengthen their organizations’ governance, strategic management, risk management and internal control in relation to integrated reporting. Applying the IIA’s Three Lines Model (an update of the Three Lines of Defense) and combined assurance concept is one, to help the board identify roles and responsibilities in relation to the integrated reporting process, including assurance.

About The IIA, IFAC, and VRF Collaboration

About The IIA

The Institute of Internal Auditors (IIA) is an international professional association that serves more than 210,000 members and has awarded 180,000 Certified Internal Auditor (CIA) designations worldwide. The IIA is recognized as the internal audit profession's leader in standards, certification, advocacy, education, research, and technical guidance throughout the world. The IIA’s global headquarters is in Lake Mary, Fla. For more information, visit

About IFAC      

The International Federation of Accountants (IFAC) is the global organization for the accountancy profession dedicated to serving the public interest by strengthening the profession and contributing to the development of strong international economies. IFAC is comprised of 180 members and associates in 135 countries and jurisdictions, representing more than 3 million accountants in public practice, education, government service, industry, and commerce.


Michael Bray contributed to the development of this tool and the accompanying paper. He is a Special Adviser to the CEO, Value Reporting Foundation, and Professor of Practice, Integrated Reporting at Deakin University.