{"id":1,"date":"2018-07-14T15:06:21","date_gmt":"2018-07-14T15:06:21","guid":{"rendered":"https:\/\/crigroup.com\/?p=1"},"modified":"2022-05-31T13:15:38","modified_gmt":"2022-05-31T13:15:38","slug":"tprm-assessment","status":"publish","type":"post","link":"https:\/\/crigroup.com\/ar\/tprm-assessment\/","title":{"rendered":"Internal Control: Identify Vulnerabilities through TPRM Assessment"},"content":{"rendered":"

CRI\u00ae Group’s Third-Party Risk Assessments are front-line tools used to ascertain whether an organisation has the appropriate policies and procedures in place to address all potential risks at the management, operations and financial levels and simulates the likelihood of those risks occurring.<\/p>\n

A 3PRMTM<\/sup> assessment includes a review of internal auditing procedures, compliance guidelines, performance criteria, internal controls, reporting processes, and contractual requirements vital to fostering a long-term positive outcome with the third-party provider when looking at the relationship from a cost-benefit standpoint. A 3PRMTM<\/sup> assessment verifies whether the proposed third-party relationship is consistent with the organisation’s strategic plan and overall business strategy.\u00a0<\/span>Specific areas addressed in a 3PRMTM<\/sup> assessment include:<\/span><\/p>\n