Whistleblowing Based on the Three Lines Model

Directive 1937/2019 on the protection of persons who report breaches of Union law became effective very recently. However, Directive 1937/2019 lacks sufficient guidance on the implementation or governance of whistleblowing frameworks. In addition, the existing literature lacks a definition of whistl...

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Bibliographic Details
Published in:Administrative sciences 2024-05, Vol.14 (5), p.83
Main Authors: Kagias, Paschalis, Garefalakis, Alexandros, Passas, Ioannis, Kyriakogkonas, Panagiotis, Sariannidis, Nikolaos
Format: Article
Language:English
Subjects:
Accountability
Analysis
Auditing
Audits
Bank examinations
Bank examiners
Compliance
EU Directive 1937/2019
Fraud
Fraud investigation
Fraud prevention
internal audit
Internal auditing
Internal auditors
Laws, regulations and rules
three lines model
Whistle blowing
Whistleblowing
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Summary:Directive 1937/2019 on the protection of persons who report breaches of Union law became effective very recently. However, Directive 1937/2019 lacks sufficient guidance on the implementation or governance of whistleblowing frameworks. In addition, the existing literature lacks a definition of whistleblowing and whistleblowing frameworks that is appropriate for internal audit and fraud prevention. The purpose of this paper is to address the lack of a definition of whistleblowing and whistleblowing framework appropriate for internal auditing and to guide the roles and responsibilities within an organization to apply and maintain a robust whistleblowing framework. To this effect, the Three Lines Model is used, one of the most recognized theoretical models in effective risk governance and internal audit.
ISSN:2076-3387
2076-3387
DOI:10.3390/admsci14050083