The CorporateGovernor white paper series explores a range of topics of concern to the governance community--boards of directors, chief audit executives and others responsible for ensuring that companies are run well and in accordance with applicable laws and regulations. Current and future topics range from fraud prevention and detection to financial reporting control and regulatory compliance.
Our latest white paper: Keeping third-party risk in check
The reliance on third parties has become a business reality in today’s highly competitive environment. The risks involved are also a reality. As more companies outsource significant and critical business functions, they’re relinquishing more of their control environment to others.
No wonder these relationships are a key area of concern. Organizations need to have a consistent and comprehensive process for evaluating and mitigating the risks inherent in these relationships, preferably as part of the ongoing internal audit risk universe and risk management initiatives.
Read the other issues of the CorporateGovernor white paper series: