Mazars AI Awards sponsorship
Mazars is delighted to announce its continued sponsorship of the AI Awards, a partnership that has thrived since its inception in 2018.
Third party risk management & assurance
Effective oversight and assurance for your extended enterprise
Our approach
Management of third party risks has become more vital as companies outsource progressively critical operations. The move to cloud infrastructure, for instance, means that the failure of an outside contractor can leave a business unable to perform even its most basic functions.
Yet while core tasks have been outsourced, the responsibilities have not. Regulators in sectors such as finance have made clear that failings cannot be blamed on contractors and that companies must take a rigorous, formal approach to assess and manage the risks created by reliance on third parties.
We offer a robust approach to third party risk management and assurance to clients who require an effective control framework for their relationships. Our international team of specialists has broad sector experience and can draw upon extensive experience to ensure you mitigate risks and continue to meet your objectives.
Managing third party risk requires three stages:
- Conducting third party operational risk reviews and creating a risk framework
- Carrying out a third party risk assessment
- Regular risk audit reports to provide assurance
Got a question? Just get in touch
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Mazars Data protection newsletter - Issue 15
It has been five years since the GDPR came fully into force. We now have a good idea of how data protection will be interpreted and should be applied. We also understand that it's always a moving target with internal organisation changes, external guidance, sanctions, and judgement needing to be understood and addressed.
Compliance officers in early-stage firms
In a recent article for The Irish Compliance Quarterly, Kian Caulwell, Partner, Head of Financial Services Consulting at Mazars and a member of the Compliance Institute’s Consumer Protection Working Group outlines the opportunities and challenges of being a compliance officer in an early-stage firm.
Contact
Bernard Barron Consultant, Audit & Assurance, GRIC - Dublin
Kian Caulwell Partner, Head of Financial Services Consulting - Dublin
Cornè Mouton Partner, GRIC - Dublin
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