QuestionQ12

Third-party Risk Management Fundamentals

Which features apply to Third-party Risk Issues?

Choose two
  • A Generate audit tasks for the third-party risk team
  • B Provide third parties direct access to update and respond to Issues
  • C Can be generated on-demand or automatically due to an incorrect answer
  • D Can only be seen by the customer's risk team
Explanation

Third-party Risk Issues may be created on demand or automatically from external-assessment question responses, such as an incorrect answer. Third-party contacts can use the Third-party portal to address issues raised by the risk-assessment team.

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