diff --git a/prowler/changelog.d/azure-iam-subscription-owner-count.added.md b/prowler/changelog.d/azure-iam-subscription-owner-count.added.md
new file mode 100644
index 0000000000..bf39bb545a
--- /dev/null
+++ b/prowler/changelog.d/azure-iam-subscription-owner-count.added.md
@@ -0,0 +1 @@
+`iam_subscription_owners_between_2_and_3` check for Azure provider, verifying each subscription has between 2 and 3 principals with the Owner role, including owners inherited from management groups, mapped to CIS 5.0 and 6.0
diff --git a/prowler/compliance/azure/cis_5.0_azure.json b/prowler/compliance/azure/cis_5.0_azure.json
index a19d0d3ddb..dd44659d43 100644
--- a/prowler/compliance/azure/cis_5.0_azure.json
+++ b/prowler/compliance/azure/cis_5.0_azure.json
@@ -1148,7 +1148,9 @@
     {
       "Id": "5.27",
       "Description": "Ensure there are between 2 and 3 subscription owners",
-      "Checks": [],
+      "Checks": [
+        "iam_subscription_owners_between_2_and_3"
+      ],
       "Attributes": [
         {
           "Section": "5 Identity Services",
diff --git a/prowler/compliance/azure/cis_6.0_azure.json b/prowler/compliance/azure/cis_6.0_azure.json
index ec8464b243..07305f123b 100644
--- a/prowler/compliance/azure/cis_6.0_azure.json
+++ b/prowler/compliance/azure/cis_6.0_azure.json
@@ -595,7 +595,9 @@
     {
       "Id": "5.7",
       "Description": "Ensure there are between 2 and 3 Subscription Owners",
-      "Checks": [],
+      "Checks": [
+        "iam_subscription_owners_between_2_and_3"
+      ],
       "Attributes": [
         {
           "Section": "5 Identity Services",
diff --git a/prowler/providers/azure/services/iam/iam_service.py b/prowler/providers/azure/services/iam/iam_service.py
index 6a9ff814e9..faec2a0e6c 100644
--- a/prowler/providers/azure/services/iam/iam_service.py
+++ b/prowler/providers/azure/services/iam/iam_service.py
@@ -12,6 +12,9 @@ class IAM(AzureService):
     def __init__(self, provider: AzureProvider):
         super().__init__(AuthorizationManagementClient, provider)
         self.roles, self.custom_roles = self._get_roles()
+        # Subscriptions whose role assignments could not be listed completely,
+        # so an empty or partial result there is not evidence of no assignments.
+        self.role_assignments_lookup_failed: set[str] = set()
         self.role_assignments = self._get_role_assignments()
 
     def _get_roles(self):
@@ -82,6 +85,7 @@ class IAM(AzureService):
                         }
                     )
             except Exception as error:
+                self.role_assignments_lookup_failed.add(subscription)
                 logger.error(
                     f"Subscription ID: {subscription} -- {error.__class__.__name__}[{error.__traceback__.tb_lineno}]: {error}"
                 )
diff --git a/prowler/providers/azure/services/iam/iam_subscription_owners_between_2_and_3/__init__.py b/prowler/providers/azure/services/iam/iam_subscription_owners_between_2_and_3/__init__.py
new file mode 100644
index 0000000000..e69de29bb2
diff --git a/prowler/providers/azure/services/iam/iam_subscription_owners_between_2_and_3/iam_subscription_owners_between_2_and_3.metadata.json b/prowler/providers/azure/services/iam/iam_subscription_owners_between_2_and_3/iam_subscription_owners_between_2_and_3.metadata.json
new file mode 100644
index 0000000000..4caff17962
--- /dev/null
+++ b/prowler/providers/azure/services/iam/iam_subscription_owners_between_2_and_3/iam_subscription_owners_between_2_and_3.metadata.json
@@ -0,0 +1,38 @@
+{
+  "Provider": "azure",
+  "CheckID": "iam_subscription_owners_between_2_and_3",
+  "CheckTitle": "Subscription has between 2 and 3 principals assigned the Owner role",
+  "CheckType": [],
+  "ServiceName": "iam",
+  "SubServiceName": "",
+  "ResourceIdTemplate": "",
+  "Severity": "high",
+  "ResourceType": "microsoft.resources/subscriptions",
+  "ResourceGroup": "IAM",
+  "Description": "**Azure subscriptions** are evaluated for the number of principals holding the **Owner** role, whether assigned on the subscription or inherited from a management group. Users, groups, service principals and managed identities each count as one principal.",
+  "Risk": "**Too many owners** widen the set of identities that can change any resource, grant access or delete workloads, so one compromised account gains full control.\n\n**A single owner** is a single point of failure: if that account is lost or disabled, nobody can manage access or respond to incidents.",
+  "RelatedUrl": "",
+  "AdditionalURLs": [
+    "https://learn.microsoft.com/en-us/azure/role-based-access-control/best-practices",
+    "https://learn.microsoft.com/en-us/azure/role-based-access-control/built-in-roles/privileged#owner",
+    "https://learn.microsoft.com/en-us/azure/role-based-access-control/role-assignments-remove"
+  ],
+  "Remediation": {
+    "Code": {
+      "CLI": "az role assignment create --assignee <principal_id_or_upn> --role Owner --scope /subscriptions/<subscription_id>",
+      "NativeIaC": "",
+      "Other": "1. In the Azure portal, open Subscriptions and select the subscription\n2. Go to Access control (IAM) > Role assignments and filter by Role = Owner\n3. If more than 3 principals are listed, select the extra direct assignments (Scope: This resource) and remove them\n4. Remove extra inherited assignments where they are granted: click the link next to (Inherited) in the Scope column and remove the assignment at that management group or root scope\n5. If fewer than 2 are listed, click Add > Add role assignment and assign Owner to a second administrator or group",
+      "Terraform": ""
+    },
+    "Recommendation": {
+      "Text": "Keep **2 to 3 standing owners** per subscription so access can always be recovered without concentrating full control:\n- Grant day-to-day work through narrower roles such as Contributor\n- Use **PIM** for just-in-time Owner elevation\n- Review Owner assignments and group membership regularly",
+      "Url": "https://hub.prowler.com/check/iam_subscription_owners_between_2_and_3"
+    }
+  },
+  "Categories": [
+    "identity-access"
+  ],
+  "DependsOn": [],
+  "RelatedTo": [],
+  "Notes": "Counts unique principals with an active Owner assignment on the subscription or inherited from a management group or the root scope, and reports the direct and inherited split. PIM-eligible assignments are not counted."
+}
diff --git a/prowler/providers/azure/services/iam/iam_subscription_owners_between_2_and_3/iam_subscription_owners_between_2_and_3.py b/prowler/providers/azure/services/iam/iam_subscription_owners_between_2_and_3/iam_subscription_owners_between_2_and_3.py
new file mode 100644
index 0000000000..528cffdf16
--- /dev/null
+++ b/prowler/providers/azure/services/iam/iam_subscription_owners_between_2_and_3/iam_subscription_owners_between_2_and_3.py
@@ -0,0 +1,63 @@
+from prowler.lib.check.models import Check, Check_Report_Azure
+from prowler.providers.azure.config import OWNER_ROLE_ID
+from prowler.providers.azure.services.iam.iam_client import iam_client
+
+MIN_OWNERS = 2
+MAX_OWNERS = 3
+
+
+class iam_subscription_owners_between_2_and_3(Check):
+    """Subscription has between 2 and 3 principals with the Owner role."""
+
+    def execute(self) -> list[Check_Report_Azure]:
+        """Count the principals that hold the Owner role on each subscription.
+
+        Owners assigned on the subscription and owners inherited from a
+        management group or the root scope all count, once per principal.
+
+        Returns:
+            One finding per subscription. MANUAL when the role assignments of
+            the subscription could not be read completely.
+        """
+        findings = []
+        for subscription_id, assignments in iam_client.role_assignments.items():
+            subscription_name = iam_client.subscriptions.get(
+                subscription_id, subscription_id
+            )
+            report = Check_Report_Azure(metadata=self.metadata(), resource={})
+            report.subscription = subscription_id
+            report.resource_name = subscription_id
+            report.resource_id = f"/subscriptions/{subscription_id}"
+
+            if subscription_id in iam_client.role_assignments_lookup_failed:
+                report.status = "MANUAL"
+                report.status_extended = f"Cannot evaluate the owner count of subscription {subscription_name} ({subscription_id}): its role assignments could not be read completely. Verify that Microsoft.Authorization/roleAssignments/read (included in Reader) is granted to the scanning identity."
+                findings.append(report)
+                continue
+
+            subscription_scope = f"/subscriptions/{subscription_id}".casefold()
+            owner_assignments = [
+                assignment
+                for assignment in assignments.values()
+                if assignment.role_id.casefold() == OWNER_ROLE_ID.casefold()
+            ]
+            owners = {
+                assignment.agent_id.casefold() for assignment in owner_assignments
+            }
+            direct_owners = {
+                assignment.agent_id.casefold()
+                for assignment in owner_assignments
+                if (assignment.scope or "").casefold() == subscription_scope
+            }
+            owner_count = len(owners)
+            inherited_count = len(owners - direct_owners)
+            breakdown = f"{len(direct_owners)} direct, {inherited_count} inherited"
+
+            if MIN_OWNERS <= owner_count <= MAX_OWNERS:
+                report.status = "PASS"
+                report.status_extended = f"Subscription {subscription_name} ({subscription_id}) has an owner count of {owner_count} ({breakdown}), within the recommended {MIN_OWNERS} to {MAX_OWNERS}."
+            else:
+                report.status = "FAIL"
+                report.status_extended = f"Subscription {subscription_name} ({subscription_id}) has an owner count of {owner_count} ({breakdown}), outside the recommended {MIN_OWNERS} to {MAX_OWNERS}."
+            findings.append(report)
+        return findings
diff --git a/tests/providers/azure/services/iam/azure_iam_service_test.py b/tests/providers/azure/services/iam/azure_iam_service_test.py
index 27004ae512..895b7ec049 100644
--- a/tests/providers/azure/services/iam/azure_iam_service_test.py
+++ b/tests/providers/azure/services/iam/azure_iam_service_test.py
@@ -172,3 +172,64 @@ class Test_IAM_get_role_assignments:
             filter="atScope()"
         )
         assert AZURE_SUBSCRIPTION_ID in result
+
+    def test_get_role_assignments_marks_incomplete_read(self):
+        owner_assignment = MagicMock(
+            id="assignment-1",
+            scope=f"/subscriptions/{AZURE_SUBSCRIPTION_ID}",
+            principal_id="principal-1",
+            principal_type="User",
+            role_definition_id="/providers/Microsoft.Authorization/roleDefinitions/8e3af657-a8ff-443c-a75c-2fe8c4bcb635",
+        )
+        owner_assignment.name = "assignment-1"
+
+        def pages():
+            yield owner_assignment
+            raise Exception("next page failed")
+
+        mock_client = MagicMock()
+        mock_client.role_assignments.list_for_subscription.return_value = pages()
+
+        with (
+            patch(
+                "prowler.providers.azure.services.iam.iam_service.IAM._get_roles",
+                return_value=({}, {}),
+            ),
+            patch(
+                "prowler.providers.azure.services.iam.iam_service.IAM._get_role_assignments",
+                return_value={},
+            ),
+        ):
+            iam = IAM(set_mocked_azure_provider())
+
+        iam.clients = {AZURE_SUBSCRIPTION_ID: mock_client}
+        iam.resource_groups = None
+
+        result = iam._get_role_assignments()
+
+        assert list(result[AZURE_SUBSCRIPTION_ID]) == ["assignment-1"]
+        assert iam.role_assignments_lookup_failed == {AZURE_SUBSCRIPTION_ID}
+
+    def test_get_role_assignments_complete_read_is_not_marked(self):
+        mock_client = MagicMock()
+        mock_client.role_assignments.list_for_subscription.return_value = []
+
+        with (
+            patch(
+                "prowler.providers.azure.services.iam.iam_service.IAM._get_roles",
+                return_value=({}, {}),
+            ),
+            patch(
+                "prowler.providers.azure.services.iam.iam_service.IAM._get_role_assignments",
+                return_value={},
+            ),
+        ):
+            iam = IAM(set_mocked_azure_provider())
+
+        iam.clients = {AZURE_SUBSCRIPTION_ID: mock_client}
+        iam.resource_groups = None
+
+        result = iam._get_role_assignments()
+
+        assert result == {AZURE_SUBSCRIPTION_ID: {}}
+        assert iam.role_assignments_lookup_failed == set()
diff --git a/tests/providers/azure/services/iam/iam_subscription_owners_between_2_and_3/iam_subscription_owners_between_2_and_3_test.py b/tests/providers/azure/services/iam/iam_subscription_owners_between_2_and_3/iam_subscription_owners_between_2_and_3_test.py
new file mode 100644
index 0000000000..2de682984c
--- /dev/null
+++ b/tests/providers/azure/services/iam/iam_subscription_owners_between_2_and_3/iam_subscription_owners_between_2_and_3_test.py
@@ -0,0 +1,166 @@
+from unittest import mock
+from uuid import uuid4
+
+from prowler.providers.azure.config import OWNER_ROLE_ID
+from prowler.providers.azure.services.iam.iam_service import RoleAssignment
+from tests.providers.azure.azure_fixtures import (
+    AZURE_SUBSCRIPTION_DISPLAY,
+    AZURE_SUBSCRIPTION_ID,
+    AZURE_SUBSCRIPTION_NAME,
+    set_mocked_azure_provider,
+)
+
+CHECK = "iam_subscription_owners_between_2_and_3"
+CHECK_PATH = f"prowler.providers.azure.services.iam.{CHECK}.{CHECK}"
+SUBSCRIPTION_SCOPE = f"/subscriptions/{AZURE_SUBSCRIPTION_ID}"
+MANAGEMENT_GROUP_SCOPE = "/providers/Microsoft.Management/managementGroups/mg1"
+READER_ROLE_ID = "acdd72a7-3385-48ef-bd42-f606fba81ae7"
+
+
+def build_assignment(
+    role_id: str, scope: str = SUBSCRIPTION_SCOPE, agent_id: str = None
+) -> RoleAssignment:
+    assignment_name = str(uuid4())
+    return RoleAssignment(
+        id=f"{scope}/providers/Microsoft.Authorization/roleAssignments/{assignment_name}",
+        name=assignment_name,
+        scope=scope,
+        agent_id=agent_id or str(uuid4()),
+        agent_type="User",
+        role_id=role_id,
+    )
+
+
+def run_check(role_assignments, lookup_failed=()):
+    iam_client = mock.MagicMock()
+    iam_client.subscriptions = {AZURE_SUBSCRIPTION_ID: AZURE_SUBSCRIPTION_NAME}
+    iam_client.role_assignments = role_assignments
+    iam_client.role_assignments_lookup_failed = set(lookup_failed)
+    with (
+        mock.patch(
+            "prowler.providers.common.provider.Provider.get_global_provider",
+            return_value=set_mocked_azure_provider(),
+        ),
+        mock.patch(f"{CHECK_PATH}.iam_client", new=iam_client),
+    ):
+        from prowler.providers.azure.services.iam.iam_subscription_owners_between_2_and_3.iam_subscription_owners_between_2_and_3 import (
+            iam_subscription_owners_between_2_and_3,
+        )
+
+        return iam_subscription_owners_between_2_and_3().execute()
+
+
+def run_with(*assignments):
+    by_id = {assignment.id: assignment for assignment in assignments}
+    return run_check({AZURE_SUBSCRIPTION_ID: by_id})
+
+
+class Test_iam_subscription_owners_between_2_and_3:
+    def test_no_subscriptions(self):
+        assert run_check({}) == []
+
+    def test_role_assignments_lookup_failed_is_manual(self):
+        result = run_check(
+            {AZURE_SUBSCRIPTION_ID: {}}, lookup_failed={AZURE_SUBSCRIPTION_ID}
+        )
+        assert len(result) == 1
+        assert result[0].status == "MANUAL"
+        assert (
+            result[0].status_extended
+            == f"Cannot evaluate the owner count of subscription {AZURE_SUBSCRIPTION_DISPLAY}: its role assignments could not be read completely. Verify that Microsoft.Authorization/roleAssignments/read (included in Reader) is granted to the scanning identity."
+        )
+        assert result[0].resource_id == SUBSCRIPTION_SCOPE
+
+    def test_partial_read_with_two_owners_is_manual(self):
+        owners = [build_assignment(OWNER_ROLE_ID) for _ in range(2)]
+        result = run_check(
+            {AZURE_SUBSCRIPTION_ID: {owner.id: owner for owner in owners}},
+            lookup_failed={AZURE_SUBSCRIPTION_ID},
+        )
+        assert len(result) == 1
+        assert result[0].status == "MANUAL"
+
+    def test_no_role_assignments_fail(self):
+        result = run_check({AZURE_SUBSCRIPTION_ID: {}})
+        assert len(result) == 1
+        assert result[0].status == "FAIL"
+        assert (
+            result[0].status_extended
+            == f"Subscription {AZURE_SUBSCRIPTION_DISPLAY} has an owner count of 0 (0 direct, 0 inherited), outside the recommended 2 to 3."
+        )
+
+    def test_two_direct_owners_pass(self):
+        result = run_with(
+            build_assignment(OWNER_ROLE_ID),
+            build_assignment(OWNER_ROLE_ID),
+            build_assignment(READER_ROLE_ID),
+        )
+        assert len(result) == 1
+        assert result[0].status == "PASS"
+        assert (
+            result[0].status_extended
+            == f"Subscription {AZURE_SUBSCRIPTION_DISPLAY} has an owner count of 2 (2 direct, 0 inherited), within the recommended 2 to 3."
+        )
+        assert result[0].subscription == AZURE_SUBSCRIPTION_ID
+        assert result[0].resource_id == SUBSCRIPTION_SCOPE
+        assert result[0].resource_name == AZURE_SUBSCRIPTION_ID
+        assert result[0].location == "global"
+
+    def test_three_owners_pass(self):
+        result = run_with(*[build_assignment(OWNER_ROLE_ID) for _ in range(3)])
+        assert result[0].status == "PASS"
+        assert "owner count of 3 (3 direct, 0 inherited)" in result[0].status_extended
+
+    def test_one_owner_fail(self):
+        result = run_with(
+            build_assignment(OWNER_ROLE_ID), build_assignment(READER_ROLE_ID)
+        )
+        assert len(result) == 1
+        assert result[0].status == "FAIL"
+        assert (
+            result[0].status_extended
+            == f"Subscription {AZURE_SUBSCRIPTION_DISPLAY} has an owner count of 1 (1 direct, 0 inherited), outside the recommended 2 to 3."
+        )
+
+    def test_four_owners_fail(self):
+        result = run_with(*[build_assignment(OWNER_ROLE_ID) for _ in range(4)])
+        assert result[0].status == "FAIL"
+        assert "owner count of 4" in result[0].status_extended
+
+    def test_inherited_owner_counted(self):
+        result = run_with(
+            build_assignment(OWNER_ROLE_ID),
+            build_assignment(OWNER_ROLE_ID, scope=MANAGEMENT_GROUP_SCOPE),
+        )
+        assert result[0].status == "PASS"
+        assert "owner count of 2 (1 direct, 1 inherited)" in result[0].status_extended
+
+    def test_owner_at_both_scopes_counted_once(self):
+        agent_id = str(uuid4())
+        result = run_with(
+            build_assignment(OWNER_ROLE_ID, agent_id=agent_id),
+            build_assignment(
+                OWNER_ROLE_ID, scope=MANAGEMENT_GROUP_SCOPE, agent_id=agent_id
+            ),
+        )
+        assert result[0].status == "FAIL"
+        assert "owner count of 1 (1 direct, 0 inherited)" in result[0].status_extended
+
+    def test_owner_at_both_scopes_with_different_casing_counted_once(self):
+        agent_id = str(uuid4())
+        result = run_with(
+            build_assignment(OWNER_ROLE_ID, agent_id=agent_id),
+            build_assignment(
+                OWNER_ROLE_ID, scope=MANAGEMENT_GROUP_SCOPE, agent_id=agent_id.upper()
+            ),
+        )
+        assert result[0].status == "FAIL"
+        assert "owner count of 1 (1 direct, 0 inherited)" in result[0].status_extended
+
+    def test_owner_role_id_matched_case_insensitively(self):
+        result = run_with(
+            build_assignment(OWNER_ROLE_ID.upper()),
+            build_assignment(OWNER_ROLE_ID.upper()),
+        )
+        assert result[0].status == "PASS"
+        assert "owner count of 2 (2 direct, 0 inherited)" in result[0].status_extended