The IIA Releases New Practice Guide on Auditing Third-Party Risk Management

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This latest practice guide informs chief audit executives and their audit teams on how to understand and assess risks related to the use of third-party providers.

Risks across the full vendor life cycle are considered, including the appropriate sourcing, ongoing management, and termination of vendors. Further exploration into risks resulting from the types of services being provided and the sensitivity of data being shared is covered.

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