Page 47 - KATALOG IIA INDONESIA 2021

AUDIT Auditing
FUNDAMENTALS Third Party Risk

Auditing

Third Party Risk

About this Course

Using third parties invariably presents a variety of risks for organizations, including strategic, reputational, regulato-
ry, operational, financial, transactional, security, compliance, and other risks. However, when utilized effectively,
third parties can also provide tremendous value in terms of specialized knowledge, increased capacity, reduced
overhead, and more customized business solutions. Internal audit should be at the front of managing the risks asso-
ciated 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 manage-
ment 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.
Learning Objective(s):

• Recognize the elements and attributes of third-party risk management.
• Recognize risks and controls associated with contracting third parties.
• Recognize the areas where internal audit can monitor third parties.
• Differentiate types of third-party risk management governance structures.
• Differentiate key elements of Type 1 and Type 2 assurance reports for the operation of critical third-party
organizations.
• Differentiate the evaluation criteria for engagements of third parties.
• Understand third-party due diligence policies and procedures.
• Understand the testing phase and the need to determine the essential criteria element(s) for evaluating the
organization’s third-party risk management framework and process.
CPE Hours Available : 1.8 Browser : • Google Chrome (optimal)
Knowledge Level : Basic Requirements • Mozilla Firefox
Advance Preparation : None (Desktop/Laptop) • Safari 4
NASBA : Yes
Field(s) of Study : Auditing
Who will Benefits : CAE/Director, Internal Audit Manager, Staff/Senior Auditor,
IT Auditor in private and public companies, non-profit and
charitable organizations, and Government agencies
Delivery Formats(s) : Self-Study
Category : Audit Fundamentals
Author : The IIA
Audito/Video : None
Prerequisite(s) : None
Supplementary Course(s) : • Introduction to Internal Auditing
• Internal Controls
• Introduction to the Engagement Process

Duration : 1h 30m Price : $ 100.00

Course Expiration:
Upon purchase, the user has 30 days to complete this course.
The IIA is registered with the National Association of State Boards of Accountancy (NASBA) as a
sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards
of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints
regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its
website: www.learningmarket.org.

IIA TRAINING GLOBAL ONDEMAND