Auditing Third Party Risk

Using third parties invariably presents a variety of risks for organisations, including strategic, reputational, regulatory, operational, financial, transactional, security, compliance, and other risks. However, when utilised effectively, third parties can also provide tremendous value in terms of specialised knowledge, increased capacity, reduced overhead, and more customised business solutions. Internal audit should be at the front of managing the risks associated with third parties by independently reviewing, evaluating, and reporting on the related business practices.

This course provides an overview on third-party risk management, including governance structure and risk management processes. It also specifies contracting, monitoring, and contract termination elements of the third-party relationship. Finally, the content defines the role of internal audit as it relates to various phases of the third-party management audit engagement, including planning, defining scope and objectives, testing, and reporting.

This course is best suited for: CAE/Director, Internal Audit Manager, Staff/Senior Auditor, IT Auditor in private and public companies, non-profit and charitable organisations, and Government agencies.

Course Duration: 1 hr 30 min

CPE Hours Available: 1.5

Fee: US$65 for members / US$80 for non-members

To learn more or purchase this course, please click here.