CIS-TPRM: Certified Implementation Specialist - Third-Party Risk ManagementDemo

By ServiceNow · Question Mode

QuestionQ24

Third-party Risk Management Fundamentals

What is the benefit of using both TPRM and GRC/IRM?

  • A Non-compliant controls automatically adjust the risk score for a third-party entity
  • B Primary third-party contacts can then see their overall non-compliant risk score
  • C All compliance controls are automatically visible to the third-party risk manager
  • D Third-party Risk engagements automatically match with Audit engagements
Explanation

Integrating Third-party Risk Management with GRC/IRM connects assessment results to controls. Incorrect third-party responses can mark linked controls non-compliant, and control failures contribute to the entity’s calculated risk score.

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